High availability means that you can use the Bitcoin network 24/7.
Unlike the stock market or banks. No matter wich Holiday, you can always Transact to any place in the world.
- Provides reliability for the user when needed.
- It is well built with a constantly growing because of the reward system (incentives) it provides.
1. Why is it important for blockchain networks to be high availability network?
When the activity being performed on a network is important and time sensitive, it’s important to have 24/7 availability.
2. What is it that enables blockchain networks to have such high availability?
Users of the network, particularly miners, are highly incentivized to keep the network running at all times.
- Why is it important for blockchain networks to be high availability networks?
If the availability is low, the complete use cases of the networks woud be like a car running on three legs, it would not perform as it should.
- What is it that enables blockchain networks to have such high availability?
There will always be nodes up and running somewhere in the world, so the only way to corrupt the availability is to shutdown the complete internet all over the planet.
1.To be verified all the time
2.Incentives provided through mining
- Why is it important for blockchain networks to be high availability networks?
If it’s world wide, as the internet is, then it’s pretty important! Everyone has different times of day and night of holiday and week day so it goes beyond regions … It must be 24\7\365.
If it’s important stuff like MONEY than it must be 24\7\365. Why not? Why wait for the banks to open? Just send me Bitcoin now! That’s genius! If a company wants to transfer 1M$ now, it’s probably not wait for later.
- What is it that enables blockchain networks to have such high availability?
It’s the internationality of it. People are mining all across the world and get incentive. People get money to secure and keep the blockchain going! So if some place less people are mining, then it becomes more profitable elsewhere and more people around the world will join the mining.
Even if a big country will loose all the electricity the network will continue working and a lot of others will join and take advantage of the situation. It’s all about incentive. As Ivan says - we all want to make Bitcoin 
High availability is important for ease and continuity of access and use for many types of transactions that can occur anywhere around the world and are important for the ecosysytem to function,
Miners are incentivised
- Why is it important for blockchain networks to be high availability networks?
- Because it ensures security, as everyone is “incentivized” to keep the network alive 24/7/365, even tho if part of the network goes down, immediately other players will join to keep things up ad running.
- What is it that enables blockchain networks to have such high availability?
- Incentives, everybody wants to make money.
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Because any platform used by a company or used to service customers are less valuabe if they are down some of the time. Think about how much money amazon would loose if their site went down even for just one hour.
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They minig cost is adjusted automically so that there will allways be miners that keep the blockchain up and running?
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It is important for blockchain networks to be high availability networks so that they can be accessed by anyone at anytime.
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Blockchain networks have high availability due to a number of reasons. First, the networks run 24 hours a day, 365 days a year. Any computer online to the internet can access the blockhain. Second, the blockchain networks are run by miners who are financially incentivized, therefore it’s extremely unlikely for the blockchain network to go down.
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Why is it important for blockchain networks to be high availability networks?
Because they are central databases and must be available 24/7/365. -
What is it that enables blockchain networks to have such high availability?
Incentives which come from mining
Why is it important for blockchain networks to be high availability networks?
Blockchain networks can run 24/7/365 which is superior to current monetary system. With banks, money transfers can take a long time thanks to the idea of “business days”. When it comes to currency, with blockchain you can buy, sell, or transfer at any time as the network does not need middle men. Blockchain works even if it is not a “business day”. This feature can help with public adoption of blockchain networks.
What is it that enables blockchain networks to have such high availability?
Since blockchains are always working, security is very important. The network of miners and nodes is what keeps the network constantly working and secure. Miners are incentivised with transaction fees and monetary rewards for creating each new block of transactions to add to the blockchain. Nodes keep a copy of the whole blockchain which verifies each new block with other nodes to make sure that each new block is legitimate.
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1. Why is it important for blockchain networks to be high availability networks?
- High availability networks are crucial for a global financial system, as well as many other applications that can be built on top of blockchain.
2. What is it that enables blockchain networks to have such high availability?
- Decentralisation, incentivised mining and difficulty adjustments ensure that the network is perpetuated. If miners were to shutdown in droves the difficulty would adjust attracting new miners.
We live in a world with multiple time zones and people working at different times of the day. Therefore high availability is a must in order for a financial system to be successful.
The miners provide this availability and they are rewarded financially for the service.
- Why is it important for blockchain networks to be high availability networks?
the blochchain goes 24/7 - What is it that enables blockchain networks to have such high availability?
Miners will keep the network running
- Blockchain is world-wide. Any time of day or night, weekends, holidays, anytime there are people somewhere that could use it.
- Incentives enable availability. The more the reward for running nodes/hashing the more people will want to do it. The more people do it the less downtime there will be.
- Why is it important for blockchain networks to be high availability networks?
It is important for mission critical applications to have highly available infrastructure. This is true for any business, for blockchain, there is the incentive for miners to get rewards, thus if the network would be down, they would make no gains during the offline period.
- What is it that enables blockchain networks to have such high availability?
If a big portion of computers in the network goes down for any reason, new computers are incentivized to join mining and being rewarded to secure the network. What makes those networks to have such high availability is the incentive to join. More computers join and more the network is secure.
- 24/7 peer to peer global network availabiltity and reliablility, rare chance of downtime due to blockchain structure.
2.High availability due to it’s decdentralized database and immutable and permanent ledger incentivized by paying minors a % for their work.
- It is important for blockchain networks to be highly available because without the network running, security is at risk due to nodes not being able to communicate causing blocks not to get verified.
2.The internet along with Miners with a financial incentive to mine enable blockchain networks to have such high availability.
Why is it important for blockchain networks to be high availability networks?
Its important for blockchain networks to be be highly available because it makes them secure. Your trust goes up to know they blockchain is always available.
What is it that enables blockchain networks to have such high availability?
Mining enables blockchain networks to have high availability. When difficulty goes up mining drops and difficulty goes down. When difficulty goes down mining becomes popular.