Homework on High Availability - Questions

1.) It is very important for blockchain networks to be high availability because it ensures a 24/7 365 approach making them always available.

2.) The internet with thousands of server and computer’s running all the time globally enables blockchain networks to have such high availability.

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Bitcoin exchanges are highly available 24 hours a day , 7days a week ,which along with the world wide network made up of Nodes cannot be shut down unless there was a complete
power failure
this availability to access your money any time makes this service invaluable and more user friendly than banks .

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  1. Why is it important for blockchain networks to be high availability networks?
    So the decentralized market place engine can be alive all day and night. Availability is global and there are many different time zones. When It night time by me it’s day time elsewhere so gaming, trade and commercial activities etc., needs to be continuous.

  2. What is it that enables blockchain networks to have such high availability?
    The key here is mining. This brings a level of security to the market and allows the continuous traffic of transactions to be conducted.

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  1. Why is it important for blockchain networks to be high availability networks?
    The barrier of entry needs to as low as possible. The network being up 100% of the time does this.
  2. What is it that enables blockchain networks to have such high availability?
    The mining structure gives financial incentives for computers to keep it running 100% of the time.
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Hl Wxdoc,
Thank you for your post, because in my reply to " High Availability" homework I did not address business and market advantages of 24/7 availability , which like Bank access is equally important , so thanks again :smiley: :

  1. Why is it important for blockchain networks to be high availability networks?
    Blockchain provides common infrastructure for everyone to use, to achieve this goal blockchain has to be available to as many agents as possible at all times. It is an issue of dependability and adoption.
  2. What is it that enables blockchain networks to have such high availability?
    Decentralized nature and incentives that create a dynamic where it becomes more profitable to join a network as actors/miners leave the network for any reason. It is essentially self-healing in that manner.
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  1. Why is it important for blockchain networks to be high availability networks?
    • The network needs to be open and accessible 24/7
    • Network adoption requires reliability for anytime access
    • Data transfers and transactions need to be implementable on a constant basis
  2. What is it that enables blockchain networks to have such high availability?
    • The number of participating miners
    • The incentives to keep miners attracted to perform mining activity
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It is important for blockchain networks to be high availability networks because it has to be up and running 24/7 and 365 days to verify transactions and add them to the ledger.

Miners enables blockchain networks to have high availability.

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  1. because it can be used by anybody and anytime and through this the network will never be offline
  2. the incentives received by miners spread around the world / everybody wants to make money
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  1. It is a global network and so users need to be able to transact on it all the time.

  2. Incentivisation. The more computers leave the network the more lucrative it becomes for other computers to join due to drops in the complexity of the POW puzzle.

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  1. Global networks need the be available 24/7 to make the people work together globaly.
  2. Mining
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1. Why is it important for blockchain networks to be high availability networks?
A global network needs to be open 24/7 365 days a year to enable anyone in the world to access it and Blockchain achieves this.

2. What is it that enables blockchain networks to have such high availability?
Blockchain is able to achieve high availability through incentives or block rewards given to miners. These rewards are automatically adjusted depending on the demand of the network

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  • Why is it important for blockchain networks to be high availability networks?

It is important so that transactions and updates on the blockchain can be added at any time of the day of the week or the year. This makes it very useful to users because they don’t have to wait. It makes applications quick and efficient and reliable.

  • What is it that enables blockchain networks to have such high availability?

The blockchain has high availability because the nodes on the network (at least a large portion of them) are always connected to the electricity and internet and the network. Even if some of the nodes lose power and are turned off, the network can still run because there are other many nodes that can continue verifying updates to the blockchain and also new nodes may take the place of the nodes that go offline in certain circumstances.

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  1. Why is it important for blockchain networks to be high availability networks?

Because it is a decentralized, global, uninterruptable reliable infrastructure which is accessible to everyone with an Internet connection, 24/7 for 365 days a year. Downtime would equal the Blockchain network being useless.

  1. What is it that enables blockchain networks to have such high availability?

The miner’s model with their monetized incentives; the miners assure the network to run 24/7, 365 days a year and even when one stops a new miner joins the network to assure the network plus security remain strong Uptime and covered.

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  1. Why is it important for blockchain networks to be high availability networks?

Because it needs to store large amounts of data on a wide scale of the network

  1. What is it that enables blockchain networks to have such high availability?

The character of multiple independent nodes conforming the network.

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Question 1
It is very important for blockchain to be highly available because it is used globally. It is a network that is bringing the world together and has to be accessible 24/7, 365 days.

Question 2
Blockchain network is highly available because it is decentralized

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Homework on High Availability - Questions and answers.

Why is it important for blockchain networks to be high availability networks?
for globalization and incentives in the network.

What is it that enables blockchain networks to have such high availability?

People making money through incentives - 24/7 X 365 - WHICH IS LOVELY!! :smile: :stuck_out_tongue_winking_eye: :clap:

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1.Why is it important for blockchain networks to be high availability networks?
it is excaly like a centeral database so it need to be 24/7

2.What is it that enables blockchain networks to have such high availability?
Incentive give everyone wants money or reward.

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  1. Why is it important for blockchain networks to be high availability networks?
    There are industries that require high availability like financial/health/social services to meet their mission.
  2. What is it that enables blockchain networks to have such high availability?
    Miners are incentivized to support the blockchain network’s availability.
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  • Why is it important for blockchain networks to be high availability networks?
    Because It is availability means that keep alive.
  • What is it that enables blockchain networks to have such high availability?
    Mining enables to be availability 24/7/365.
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