Bitcoin Network Withstands Global Outage from Faulty CrowdStrike Update
Mining chief executive hails Bitcoin Linux-based framework immunity from the CrowdStrike failed update behind the global outage. The failed software update brought widespread system crashes, taking down networks worldwide.
The decentralized nature of the Bitcoin framework withstood the widespread outage from CrowdStrike’s enterprise server issues, translating to system crashes. With the Bitcoin network unaffected, SunnySide Digital’s chief executive hailed the Linux-based framework for its autonomy to the centralized infrastructure.
In a recent X post by SunnySide Digital founder Taras Kulyk, the CEO touted Bitcoin for sustaining usual business while the entire world reeled from the computer outages. The mining CEO attributed the widespread outage to the faulty software update undertaken by the global cybersecurity specialist CrowdStrike.
Bitcoin Sustains Hashing Amid CrowdStrike Outage
Kulyk credits Bitcoin’s decentralized nature and autonomy from the centralized providers and infrastructure. The late Thursday night incident saw CrowdStrike plunge the technology world into an unprecedented tailspin. Notably, systems that rely on CrowdStrike security tools for the Microsoft-based systems went offline.
Countless systems —including government offices, financial, and airlines— encountered enterprise server issues, leaving their computer screens displaying the blue screen of death.
CrowdStrike’s official statement on Friday acknowledged actively engaging the customers affected by the defect within the single content update for the Windows hosts. The update clarifies that Mac and Linux hosts were immune to the issue. CrowdStrike ruled out security and cyberattack incidents, assuring the team successfully identified and isolated the defect to deploy the fix.
CrowdStrike chief executive George Kurtz issued a cautionary letter acknowledging that adversaries and criminal actors could exploit the event. The executive urged clients and partners to exercise vigilance and ensure only to engage the official CrowdStrike representatives.
SunnySide Digital’s head explains that Bitcoin safety emerges from its autonomy from the Microsoft software. Kulyk singled out the Bitcoin hash rate chart as completely unaffected since most miners utilize the Linux-based frameworks.
Kulyk termed the incident hilarious since banks globally have shut down due to the server issue. Nonetheless, Bitcoin is hashing.
Unveiled in 2021, SunnySide Digital runs wholesale distribution of hardware and data center services. Additionally, the company distributes digital mining hardware and related infrastructure.
Blockchains Immunity to Centralized Infrastructure
Kulky attributes the immunity to the infrastructure the blockchains utilize. He adds that if it requires .NET frameworks, it is a typical Microsoft-based system. The outage presents the opportunity to embrace Linux-based hardware in software systems to tap Bitcoin’s immunity to server shutdown.
Per Kulyk’s perspective, the difference between Linux and Microsoft systems arises from the disparity in the principle of decentralization and strong privacy rights. Besides, the former empowers individuals against dependence on centralized authority.
Kulyk reiterates that most people forget that Bitcoin miners are typical forks disinterested in the existing system that embodies large-scale enterprise players. Touting Linux, the executive considers the open code preferable to Microsoft Windows.
The open code lets one view and track operations on the hardware one controls. Bitcoin miners subscribing to the cypherpunks ethos utilize the Ubuntu operating system.
Kurtz assured the customers and partners that they have trust and confidence in CrowdStrike. Upholding the two principles is critical as the company navigates the incident’s aftermath.
Kurtz termed the incident isolated and assured transparency in disclosing how the failed update occurred. Moreover, the CEO offered to disclose safeguards to avert the global outage.
CrowdStrike confirmed rolling back the software update, though unable to reverse the far-reaching repercussions of the error. CrowdStrike (CRWD) stock plunged 11% to exchange hands at $304 per Yahoo Finance data.
The tech experts question how CrowdStrike released a destructive update without testing and deploying necessary safeguards. Tech analyst Anshel Sag pointed out that Kurtz served as chief technology executive at the antivirus company McAfee when a software update led to a historic IT blowout in April 2010. The update erased a key Windows file, leading to repeated reboots similar to the CrowdStrike incident.
Meanwhile, the blockchain industry emerged unaffected by the global crash, with the crypto market up 4.6% on Friday and Bitcoin surging to exchange hands at $67,224, CoinGecko shows.
