The AWS Outage Shows Why Crypto Can’t Keep Relying On Centralized Infrastructure
Yet again, the digital economy was caught off guard when Amazon Web Services suffered its second major outage this year on Oct. 20, crippling exchange platforms like Coinbase and Robinhood and the analytics service Coinmarketcap. It was followed by a second, smaller outage just 10 days later.
According to Amazon’s initial report, the Oct. 20 outage was caused by a malfunction affecting one of its internal subsystems that manages its domain name service, leading to connectivity issues in multiple services. It resulted from a faulty update, and it ended up taking out Amazon’s critical U.S.-East-1 region. This is a massive hub of servers that powers many of the country’s top internet services. For two hours, numerous trading…
