The failure in Microsoft systems did not affect the crypto sector
The massive outage of Microsoft system applications, which disrupted many critical sectors of the global economy, including the London Stock Exchange, did not affect the crypto sector or Web3 applications.
On Friday, July 19, there was a global failure of the international technological infrastructure built on Microsoft products. The failure caused significant chaos in traditional financial systems, paralyzing the work of many airlines, airports, banks, utilities, and also affecting the field of telecommunications and communications.
However, the largest crypto exchanges and DeFi projects continued their activities without interruption. Crypto company executives and industry insiders have commented that the decentralized nature of blockchain is less susceptible to single points of failure compared to traditional financial systems, which rely heavily on centralized technology and infrastructure.
