Instagram and Facebook were down for hours yesterday due to severe outages. This is just the biggest weakness of centralized services as crypto enthusiasts have noted. So please read more on our latest crypto news today.

Instagram and Facebook were down and removed Whatsapp and Messenger for a few hours.

Proponents of blockchain technology and cryptocurrencies are calling for new decentralized alternatives. Facebook and related services were down for hours, with the social media giant citing “network problems” behind the outage. Reports attributed the outage to DNS issues with Brian Krebs, a cybersecurity reporter, who wrote that DNS records were pulled from the global routing table this morning. Other reports also suggest that Facebook tried to restart servers manually and employees were unable to enter buildings due to service disruptions. The services will come back online, but it may take hours to restore everything to its original state.

and it has better uptime https://t.co/Kelan8VxxN

– Jameson Lopp (@lopp) October 4, 2021

This is one of the worst and largest outages for Facebook to date, affecting 2.89 billion users of the social network and those who use related services. In 2019, Facebook overcame a 14-hour outage, while the 2008 outage only affected 150 million users and was about a day slower. For proponents of blockchain and decentralized networks, today’s failure is the most recent striking example of how massive centralized systems can fail. Blockchain offers a potential alternative to these centralized models with dozens of user-run distributed networks that lack the sources of error and that are censorship-resistant at start-up.

Bitcoin enthusiasts and blockchain builders took the opportunity to promote Facebook’s centralized systems to stay online amid Facebook’s troubles. Matthew Gould, CEO of Unstoppable Domains, said:

“Today’s complete demise of Facebook and Instagram, along with other apps, is an example of the problem of centralization. In the decentralized Web or Web 3.0, it is easier for users to transfer their data and contacts to other services, as they do not have to rely on Facebook or Facebook logins to contact friends and family or their preferred usage. Use. “

oh my god this is so funny

– alex hern (@alexhern) October 4, 2021

The advocacy group for digital rights Access has now tweeted:

“While this may seem DNS-related, it should remind people why we need a more open, decentralized, and inclusive Internet – uninterrupted and strong protection. All over the world, many people are experiencing firsthand the devastating effects of the internet being shut down. “

Meanwhile, many BTC fans reveal when they realize that the number one cryptocurrency now has a larger market cap than Facebook due to the falling share price. Bitcoin’s market cap is around $ 925 billion at press time, while Facebook’s is under $ 2920 billion, with stocks down 5% on the day.