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Why is it important for blockchain networks to be high availability networks?
Constant useability of the network is the most important factor. Transactions could be done 24/7. -
What is it that enables blockchain networks to have such high availability?
The network of many computers working on and with the blockchain. If a computer in the network goes offline, another one instantly helps to keep the network online
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- Why is it important for blockchain networks to be high availability networks?
Blockchain is global in nature and its services need to take place any point in time and anywhere. High availability is to assure no single points of failure in the network to affect the disruption or collapse the accessibility to this globalized blockchain network services.
- What is it that enables blockchain networks to have such high availability?
Incentivised mining, people are rewarded or incentivised to mine to make money. As more people participate, security of the blockchain network increases as it grows. Less points of network failures result increases availability of the services. Since itâs global in nature, it is always available 24 x 7, 365 days.
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Why is it important for blockchain networks to be high availability networks?
High availability enhances the security of the blockchain network and to maintain the blockchain global financial system. -
What is it that enables blockchain networks to have such high availability?
Miners are incentivised to keep mining 24/7 to make money.
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because many computers mine simultaneously
so that when a large portion of the computers go offline others will go in to provide security
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In terms of currency, if you canât access the network, you canât spend money or get paid. This is unviable as a payment network as people need access to their funds at all times, increasingly more so. Some other sectors that need high availability networks are manufacturing, healthcare and logistics.
Blockchains have such high availability thanks to the vast quantity of miners, securing and validating the network in pursuit of financial incentives. If any stop, the mining difficulty will be lowered offering the remaining miners a larger incentive thus attracting more, new miners into the space, which again rebalances the mining difficulty. This ensures there are always miners validating the network thus keeping the network available at all times.
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1 networks must be able to respond 24/7 and have high security capacity
2 incentivisation through mining keeps availability high
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1 Bacause we a living in the world when you dont want to depend on timezones. It is nessesary need for every high quality service
2 mining profitability
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You missed the second question. 
- Such that they can be used anytime by anyone in the world, they need 24/7 availability.
- Financial incentives to stimulate miners/validators to contribute to and keep the network all the time.
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Why is it important for blockchain networks to be high availability networks?
24/7, 365 days a year up-time and access translates to reliability and trust. -
What is it that enables blockchain networks to have such high availability?
Incentives.
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Homework on High Availability - Questions
- Why is it important for blockchain networks to be high availability networks?
Found the following info as I google this 1st. question: forgot to paste the link to this one,âŚ
It is important to maintain functional efficiencies of the blockchain and nodes 24/7/365 and The main purpose of high availability or (HA) is to eliminate potential points of failures in a Blockchain infrastructure. Blockchain Platform architecture is designed to ensure reliability, low latency processing, and a maximum uptime of the service. However, failures can happen. Blockchain Platform provides several approaches to add more availability to your cluster by adding redundancy an anti-affinity policies (that is something that no two containers of your group will be scheduled on the same physical compute node. Anti-affinity ensures that blockchain components of the same type and organization are deployed across different worker nodes. By adding redundancy across your blockchain network, you can avoid failures or downtime.
- What is it that enables blockchain networks to have such high availability?
It is primary acknowledgement and crypto monitary incentives that enable the blockchain high availability. I may be the other way around first $ incentive and acknoledgement may come second,⌠Depending on the individual.
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- High availability is important for the verification and the security
- Everyone is incentivized for example the miners.
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High availability allows the secured network to be accessed globally at all times of the day.
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The blockchain tech doesnât shut down because miners are incentivized to stay active 24/7 which benefits all parties using the network.
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yes, thank you for remiding)))
Why is it important for blockchain networks to be high availability networks?
Any global financial system/network or other widely used network needs to be highly available in order to be useful. Imagine that the police pulled over a suspicious driver but then couldnât check the driverâs identity, driving record or criminal record because the police network/system was down at that time. A network like this needs to be available 100% of the time (as close to 100% as possible). Ultra-high availability is itself a benefit and use case of blockchain.
What is it that enables blockchain networks to have such high availability?
Blockchain miners are incentivised for their activity, and mining protects the blockchain network (i.e. keeps it available). One feature of mining is that it becomes easier (more profitable) if fewer miners are online. For this reason, if a group of miners were to cease activity for any reason (e.g. power grid failure), other incentivised miners that ordinarily would not mine because it wasnât worth the effort, would immediately jump online in order to make money. In this way, the blockchain/bitcoin community is incentivised to keep the network online at all times.
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- Why is it important for blockchain networks to be high availability networks?
- It is never offline and everyone is incentive to keep it alive. The community has a financial incentive to keep it going.
- What is it that enables blockchain networks to have such high availability?
- Financial incentives give users a reason to keep it going and available.
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It is important for blockchain networks to have a high availability so they can continue protecting the information on the blockchain and being highly accessible from all parts of the world with Internet connection.
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Constantly maintaining a mining/security stability enables blockchain networks to have such high availability. The incentives drive miners to continue keeping the blockchains alive and moving along securely; picking up slack when needed.
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It is important for blockchain networks to be high availability networks because it allows for transactions to be completed at all times of day.
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Blockchain networks are able to have such high availability by incentivizing users to become part of the network, therefore having more nodes available to perform transactions.
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High availability networks are more secure because they are running 24/7/365. The incentives keep it alive and if people stop mining/validating, it gets easier and other people start. This brings the security back up. Also the principle of blockchain is to be a global infrastructure and therefore needs to be running all the time.
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The incentives enable blockchain networks to have high availability. Everyone wants to make money. And if they say they donâtâŚthey are lying. If a portion dies, people jump in and take over.
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- keep the network available is important to drive the value of the blockchain.
- peopleâs incentives and great technology
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