Shiba Inu (SHIB) Rallies as Lead Developer Shytoshi Kusama Proposes the SHIB Ecosystem as a Web3 Solution

In light of the recent global IT outage due to a defect in CrowdStrike's Falcon Sensor software, Shytoshi Kusama, the lead developer of Shiba Inu, has suggested that the SHIB ecosystem could be a suitable Web3 solution.

The recent global IT outage, caused by a defect in CrowdStrike's Falcon Sensor software, has prompted Shytoshi Kusama, the lead developer of Shiba Inu, to suggest that the SHIB ecosystem could be a viable Web3 solution.

Following disruptions across various sectors due to the outage, Kusama highlighted the value of decentralization over traditional centralized systems.

Emphasizing the need to transition from Web2 to Web3, Kusama noted that the Shiba Inu ecosystem embodies these qualities, which could help prevent such failures in the future.

The CrowdStrike outage, caused by a defect in the latest version of the Falcon EDR software, impacted several industries. Companies using CrowdStrike services, such as emergency responders, airports, and stock exchanges, reported significant disruptions.

The issue caused blue screen of death errors and crashes for millions of Windows users worldwide, affecting operations in airlines, railways, and financial institutions, among others.

On Friday, CrowdStrike's CEO, George Kurtz, announced that the problem had been identified, contained, and a fix was being deployed. However, the incident highlighted the impact on affected businesses and the弱点of the centralized model.

Interestingly, some crypto and Web3 companies, such as Polygon Labs and Bybit, reported being unaffected by the CrowdStrike outage.

According to Mudit Gupta, Chief Information Security Officer at Polygon Labs, this was due to the platform's extensive testing for non-critical updates.

Meanwhile, Bybit notified its users and traders that their operations were continuing as usual, further demonstrating the resilience of decentralized systems compared to traditional centralized ones.

The ability of these crypto firms to withstand the outage also showcases the benefits of Web3 technologies. Crypto enthusiasts and professionals have been urging businesses to adopt Web3 for enhanced security and functionality.

After the incident, CrowdStrike's CEO, George Kurtz, clarified that the outage was not caused by a cyber security threat or attack. The issue was related to a specific content update for Microsoft Windows hosts, which led to system crashes. Mac and Linux hosts were not affected by this bug.

Since then, CrowdStrike has released a patch and is assisting affected customers to restore functionality. The company has apologized for the inconvenience and assured its clients of continued support.

Despite these measures, the outage had a substantial impact on CrowdStrike's share price, with the stock declining by nearly 12% in premarket trading.

The CrowdStrike incident has sparked renewed calls for decentralization, with Shytoshi Kusama's suggestion of the Shiba Inu ecosystem as a solution aligning with a growing sentiment within the crypto space and among professionals advocating for the integration of Web3 solutions.

Following Kusama's proposition, Shiba Inu (SHIB) has been on a bullish rally. The price oscillated between an intra-day high and low of $0.00001815 and $0.00001716, respectively. At press time, SHIB was trading at $0.00001769, showing a 2.60% increase from the support level.

If the bulls manage to break through the resistance at $0.00001815, the next key levels to watch for would be $0.00001830 and $0.00001900. Conversely, if the bears gain control of the market, SHIB would retest the critical support levels at $0.00001710 and $0.00001690.

During the rally, SHIB's market capitalization increased by 2.48% to $10,411,964,978, while its 24-hour trading volume decreased by 52% to $474,619,832. This decline in trading volume could indicate traders booking profits from the recent uptrend.

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