Shytoshi Kusama Believes Shiba Inu Ecosystem Can Potentially Address the CrowdStrike Debacle

Shytoshi Kusama, the principal creator of Shiba Inu, firmly believes that the memecoin ecosystem can potentially address the CrowdStrike debacle.

The principal creator of Shiba Inu (CRYPTO: SHIB), Shytoshi Kusama, believes that the memecoin ecosystem could provide a solution to the CrowdStrike debacle. crowdstrike failure ripples through many companies On Thursday, the U.S. cybersecurity company announced an update that had a widespread impact on IT systems around the world, causing disruptions to their operations, Coingape reported. After using CrowdStrike's services, several companies, including emergency services, airlines, and stock exchanges, reported experiencing system failures. To provide some context, a software bug in the latest release of CrowdStrike Falcon EDR caused widespread system failures and crashes, including the infamous "blue screen of death," affecting millions of Windows users globally. The issue had a significant impact on various industries, including airlines, trains, stock exchanges, and other organizations. Emphasizing the significant effect of the CrowdStrike event on numerous enterprises, Kusama highlighted the urgent need for a new global operating system. The optimal solution should be decentralized and not subject to the authority of a central body. Instead, it should be powered by Web 3.0 technology and operate in a decentralized manner. He noted that the Shiba Inu ecosystem serves as a prime example, particularly in demonstrating why Web 3.0 is the way forward. Transitioning from a Web2 mindset and software to a higher level of involvement, protection, and innovation is crucial, according to Kusama. Battle between TradFi and Web3.0 The global outage had an impact on traditional banking institutions, including Bank of America, Wells Fargo, Chase Bank, and Capital One. Meanwhile, Polygon Labs, a CrowdStrike customer, claimed that it was not affected by the global service disruption. On Friday, Chief Information Security Officer Mudit Gupta stated that the procedure includes not deploying non-critical updates without prior testing. This is among the security measures that the company has in place. Additionally, Bybit has confirmed that it was not affected by the outage. The company has assured its customers and traders that "it's very much business as usual at Bybit," attesting to the continued operation of its activities. Cryptocurrency and Web 3.0 companies were largely unaffected by the outage. For traditional finance (TradFi), it serves as a stark reminder of the lack of resilience in current systems, highlighting the appeal of cryptocurrency and blockchain technology. As a result, crypto experts have highlighted the incident as a further warning to those companies that still rely on Web2 for their operations. According to Kusama, blockchain technology and digital assets like Shiba Inu could provide a long-term solution.

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