Homework on High Availability - Questions

[Super_Digitale]

1. cause this makes them worthless for people ,

2. this gives them the opportunity to earn money

[Kenneth]

To be a global network, a database system has to be available 24/7 and 365 days per year.

The large # of possible nodes to validate coupled with the financial incentive to validate make the network highly available. Even if there is a power outage in on region, all the other nodes in other regions worldwide can step up. And if the # of nodes declines temporarily, validating becomes easier, drawing in more miners, increasing security and continuing the network validation process without interruption.

[BLOCK9]

1. It is important for blockchain networks to be high available networks because it means that network security is high.

2. Mining and incentives enable blockchain networks to have high availability.

[Sung]

1. It makes for a secure, accessible system for use so more people can benefit from it.

2. Incentives through mining.

[Wil]

• Why is it important for blockchain networks to be high availability networks?
  like internet information (and value exchange) should be available all around the clock and because of earnings
• What is it that enables blockchain networks to have such high availability?
  earnings of the miners

[Desiree]

[quote=“ivan, post:1, topic:8426”]

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

High availability makes it a sought after platform to function on. The higher the availability, the more secure the network.

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

Mining is incentivised. Therefore people benefit from helping to keep the system available.

[MARTIS]

High availability networks are globally accessible at anytime, anywhere in the world.
Everyone’s incentive is to make money, therefore everyone using it wants it to work.

[m_tag8]

• Why is it important for blockchain networks to be high availability networks?
  A reason for this is for security. The ongoing mining process helps keep the network stable and secured. Another reason is for transactions to stay consistent. Transactions are happening every minute and having a system that can’t go down will keep the network consistent.

• What is it that enables blockchain networks to have such high availability?
  [/quote]
  The security of the mining and validation processes enables the blockchain network to have high availability. The miner is basically trying to discover the next hash, and through this process the true state of the blockchain is being validated through the many nodes in the network. This allows the blockchain to stay true and the mining algorithms confirm that a series of transactions have been completed within that time period.

[thegarty]

It is always on, always available.

It is incentivized to be kept on

[Rik]

1. A secure global infrastructure is needed. This means being 24/7 365 days a year access and blockchain achieves this.

2. If one goes down there is a copy of the ledger on all the other computers. Blockchain enables high availability through incentives. These are block rewards given to miners and they are automatically adjusted depending on the demand on the demand of the network.

[Vuong_ngoc_tran]

1. Mining keeps the blockchains secured and available
2. financial incentives keep the network always available.

[TsarStas]

It’s important for blockchains to be high availability networks so that we can have access to the blockchain 24/7/365. Blockchains have high availability because it is decentralized and only needs internet connection to work.

[Positeeth]

[quote=“ivan, post:1, topic:8426”]

• Why is it important for blockchain networks to be high availability networks?–>
  High availabilty makes the network stable 24/7/365 and very reliable so eberyone can benefit non stop
• What is it that enables blockchain networks to have such high availability?–>
  Miners have the incentive of making money
• Why is it important for blockchain networks to be high availability networks?–>
  High availabilty makes the network stable 24/7/365 and very reliable so eberyone can benefit non stop
• What is it that enables blockchain networks to have such high availability?–>
  Miners have the incentive of making money

[charlesdarbs]

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

A high availability network is needed so that it can be utilised by anyone, anytime, anyplace around the world.

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

Financial incentives encourage users to maintain the high availability infrastructure of the network.

[CryptoWutang]

1. It’s a global network that can be utilized and accessed at all times. This requires significant power to provide security.
2. Miners working powers the network and security, they are financially incentivized.

[Cryptomus_Maximus]

1. People want to have access to their money 24/7/365 to engage in commerce, transact, seize opportunities, etc… It is critical to have a steady reliable access at the point of need.

2. Participants are incentivized to keep it active. Miners are incentivized through payments for add blocks to the chain. With a virtuous cycle of participation, you have active minors, participants and investors to keep the network growing and expanding.

[saf]

1. It is important for blockchain networks to be high availability networks because it ensures that people can use them all the time without having to worry about outages or a lack of security.
2. Incentive to make money enables blockchain networks to have such high availability.

[Jackchap]

High availability provides services 24/7, with redundancy across the network, so that the services are available even when some nodes are down.

The miners have incentive to stay online, and if any go offline, others will be available to provide the service.

[successatlast0311]

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

Answer: Rewards is the driver behind the high availability networks of the blockchains. Because if the miners at any point in time not on the network to compete with other miners, no money will be made.

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

Answer: The incentive that the miners received is what’s enable the high availability of blockchain networks. everyone want to make money and as a matter of fact currency is what unite the entire world together.

[TomasN]

1. The “why” is not fully explored mentioned in the lesson, where it is mentioned that it is needed for the applications that require high availability. Certainly, financial transactions are a good example of applications that require high availability of an underlying network.
2. Incentive of keeping the network alive, is the main enabler for such high availability of blockchain networks.