The failure in Microsoft systems did not affect the crypto sector

The massive failure of Microsoft system applications, which disrupted the work of many critical sectors of the global economy, including the London Stock Exchange, did not affect the crypto sector and the work of Web3 applications.

On Friday, July 19, there was a global failure of the international technological infrastructure built on the basis of Microsoft products. The failure caused significant chaos in traditional financial systems, paralyzing the work of many airlines, airports, banks, utilities, as well as 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 commented that the decentralized nature of the blockchain is less prone to single points of failure compared to traditional financial systems that rely heavily on centralized technologies and infrastructure.

Earlier, analysts of the Swiss blockchain company CV VC published a report on the results of a study of the African blockchain market, which reports a decrease in the interest of venture investors in financing the industry by 74% year-on-year.