Social media giant Facebook and its Instagram and Whatsapp platforms went down for a couple of hours highlighting the stability of Bitcoin and its decentralized architecture. The company did come up with a formal statement then explaining: Facebook is not the only centralized company which has experienced technical issues depriving hundreds of thousands of users of its services. Bitcoinist reported last summer that Visa, one of the leading payment solution providers with millions of people using it, experienced a “system failure”, leaving countless of its customers without access to their money. 98% since its inception, highlighting the benefits of decentralization. In the case of Visa, it was a “system failure,” while in the case of Facebook’s March outage it was a “server configuration change.
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