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Facebook Goes Down as Bitcoin Continues Mining Blocks With 99.98% Uptime

Facebook goes down as bitcoin continues mining blocks with 99. 98% uptime

Facebook Goes Down as Bitcoin Continues Mining Blocks With 99.98% Uptime

Facebook goes down as bitcoin continues mining blocks with 99. 98% uptime

Social media giant Facebook and its Instagram and Whatsapp platforms went down for a couple of hours highlighting the stability of Bitcoin and its decentralized architecture. 


Facebook Goes Down

Social media website Facebook went down for a few hours on April 13th according to a monitoring resource downdetector.com.

Whatsapp, the popular messaging app, and Instagram, a picture-sharing social media platform, both owned by Facebook, have also experienced outages.

According to a report by Business Insider, there were more than 9,000 people complaining about the issues and it was felt mostly across Asia and Europe.

As of yet, there’s no formal statement outlining the issues for the outage. However, a spokesman from the company said:

We’re sorry for any inconvenience.

Not The First Time and Not The Only One

It’s not the first time the social media website has experienced a notable outage.

Earlier in March, Facebook, as well as the abovementioned associated apps went down for over 24 hours.

The company did come up with a formal statement then explaining:

Yesterday, as a result of a server configuration change, many people had trouble accessing our apps and services. We’ve now resolved the issues and our systems are recovering. We’re very sorry for the inconvenience and appreciate everyone’s patience.

Facebook is not the only centralized company which has experienced technical issues depriving hundreds of thousands of users of its services.

Bitcoinist reported last summer that Visa, one of the leading payment solution providers with millions of people using it, experienced a “system failure”, leaving countless of its customers without access to their money.

bitcoin Stays Up, Always

Amid events of the kind, it can’t go without mention that Bitcoin’s network boasts an uptime of 99.98% since its inception, highlighting the benefits of decentralization. If one or even hundreds of Bitcoin nodes go offline, the network will continue working unabated.

On the other hand, as showcased above, centralized solutions are much more prone to experiencing downtime given their central point of failure.

In the case of Visa, it was a “system failure,” while in the case of Facebook’s March outage it was a “server configuration change.” Bitcoin’s distributed network not only requires more resources to attack it than to defend it, but its funds are also further decentralized in wallets that are protected by private keys controlled by individual users.

What do you think of Facebook’s outage? Don’t hesitate to let us know in the comments below!


Images via Shutterstock

Published at Tue, 16 Apr 2019 01:59:50 +0000

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On today?’?s show I am privileged to be speaking with Michael Maloney, the Solution Architect for WAX – the Worldwide Asset eXchange. Wax is quite literally a game changer . . . read on . . .

INTRODUCING THE NEW FACE OF VIRTUAL GOODS TRADING

The World Asset eXchange (WAX) will pave the way for a game-changing use of smart contracts. As a platform, WAX will be one of the most innovative applications of blockchain technology, extending its user base to a global audience of 1.8 billion gamers.

WAX is a utility token coupled with a decentralized platform and will be used by all participants in the virtual item trading industry: listing and selling agents, item transfer agents, appraisers, affiliates and buyers and sellers . WAX has a multitude of uses, including safely transferring digital items between buyers and sellers, apportioning fees out to marketplace participants who facilitate transactions and a payment mechanism for settling trades.

Developed by the founders of OPSkins, the world?’?s leading marketplace for online video game virtual items, WAX is designed to serve the existing 400+ million gamers who already collect, buy and sell virtual items. By decentralizing the isolated and regional marketplaces where virtual items are traded today, WAX fuels the growth in the $50 billion secondary market for video game virtual items.WAX utility tokens will enable 1.8 billion gamers worldwide to quickly and easily harness the power of a fully developed, highly complex virtual item ecosystem. WAX will provide settlement, liquidity, security and other necessary features for an orderly well-functioning market.

CREDITS & VALUABLE LINKS:

www.WaxToken.com

www.Opskins.com

http://store.steampowered.com/

http://diaryofafreelancetranscriptionist.com

TRANSCRIPTIONS:Great news listeners! Our transcription page is now live on the website thanks to the continuing hard work of one of our loyal listeners who is also a consultant to the show.These Professional transcriptions are provided each week by one of our fans who can be found at:http://diaryofafreelancetranscriptionist.com

Ode To Satoshi

Ode to Satoshi lyrics & melody by John BarrettCopyright 2014 RJM Publishing – BMI Nashville.

Lead Vocal, Harmony Vocals, Harmonica, Snare Drum: John BarrettHarmony vocals: John Barrett, Connie Sinclair and Lij ShawGuitar: Jonathan BrownMandolin: Ben MillerBass Guitar: Michael Rinne

Initial tracks recorded by Mark Thornton of Sidekick Sound Studios, Madison, TN. All other tracks Recorded, Mixed and Mastered at The Toy Box Studio, Nashville, TennesseeEngineer: Lij Shaw. Assistant to engineer: Don ?’?œThe Don?’ BatesProduced by John Barrett & Elijah ?’?œLij?’ Shaw

Special thanks to Alan Baird for his dobro, guitar and mandolin playing on many of the shows. Now that?’?s some pickin man! Thanks also to Alex Munoz Guijarro for his excellent pedal steel playing on many of our shows.

Interviews for this episode were recorded and edited by John Barrett at The Tree House Studio – Nashville, Tennessee. All shows are produced by John Barrett with the moral support of his trusty sidekick Maxwell Rascalnikov CoyoTe Rex, aka Max.

Questions or Comments?

Email me to say Howdy!: howdy@bitcoinsandgravy.com

Visit theWebsite: BitcoinsAndGravy.com

Bitcoins and Gravy Tipping Addresses:

bitcoin: 14RbXduu2sXKNHtKtRVAx8xQyGAubjY1dA

Litecoin: LgqYgxLTBPgr8C1JGLLJVLK4ZN1fveprAp

And if you don?’?t feel like contacting me, just kick back, relax and enjoy the show.I hope you enjoy listening to my guests as much as I enjoy talking with them!