The lead developer of the Shiba Inu (SHIB) coin said last week that a web3-based operating system is now needed after massive global service outages on banks and other networks.
In a new post on social media platform X, Shytoshi Kusama says the decentralized Web3 operating system could be resilient to events like the recent outage that caused major banks including JPMorgan, Chase, Bank of America, and Wells Fargo to experience significant disruption.
“As the world limps toward the weekend (with a simple update), it becomes clear that a new global operating system is needed. One that is decentralized, not reliant on a central authority, and powered by web3 technologies that are fundamentally designed for this day and age.”
According to previous reports, the power outage Connected An update from CrowdStrike, a cybersecurity company leveraging software globally.
Bank customers said they were experiencing login issues, problems with online transfers and deposits.
Shaytosh said that during the recent bear market, SHIB developers have been developing a system that can withstand a global power outage.
“Fortunately for innovators and the world at large, our massive decentralized community of builders and believers has been developing systems for just such situations during bear markets.
As the inevitable toll of a global outage of critical infrastructure is tallied in dollars and lives lost, we will lead the conversation on why web3 is the future and the Shiba Inu ecosystem is the operating system of that future.”
As of this writing, SHIB is trading at $0.00001816, up slightly over the past day.
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