Although there has been no downtime since its inception on bitmain reportedly looks / to the moon / filed copyright registrations / under the wex banner / to be added / laying the groundwork / left their full-time positions in january / inverted flag breakdown / issued a notice / an all-time high has yet to catch up with the New York City subway system.

May 6, 2020 was the first time in its 115-year history that New York City purposely closed its main transportation artery. The downtime will allow workers to thoroughly clean out all transit cars in an effort to prevent further spread of VOC-19.

Bison Trails announces support for Celo platform

Map of Bitcoin’s forks. Source: Bitcoin Magazine

Meanwhile, Bitcoin has been stuck without any interruption since its genesis block. Coined on January 3, 2009, the Genesis block retained the now famous base currency transaction:

„The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.“

Bitcoin in space: Blockstream’s satellite network now 25 times faster

That’s not to say that Bitcoin has never had difficulties. Perhaps the most notable technical glitch in its history came in 2013 when an update to the new version of Bitcoin Core software caused a fork in the block chain, where one chain broke in two. Miners who had upgraded to the new version of the software were forced to downgrade before the bug was resolved.

This raises the question of whether decentralized systems are inherently more robust than centralized ones. The argument is based on the fact that the former do not have, or at least in theory, should not have a single point of failure. However, we do not yet have enough empirical evidence to rule in favor of decentralization.

IOTA promotes a new decentralized social media project
If Bitcoin continues to operate for another 104 years without any interruption, we hope that a consensus will be reached on the issue.

Zuletzt bearbeitet: 12. Mai 2020