- High availability networks are responsible for all transactions, especially those of a timely mission critical nature. Everyone works at different times of the day and in different time zones and want to be rewarded when their work is done.
- What keeps high availability networks running are all those that make up the consensus whom profit off the network thriving, e.g. miners and other nodes.
-
Why is it important for blockchain networks to be high availability networks?
to allow the flow of value to be constant and uninterrupted, if availability decreases people wonât use the network -
What is it that enables blockchain networks to have such high availability?
the incentives to participate on the network by mining or transaction fees
- Why is it important for blockchain networks to be high availability networks?
It is important for blockchain to be a high availability network because this is a global network, that is being used 24/7. If it ever has down time itâs completely useless.
- What is it that enables blockchain networks to have such high availability?
We are mining on a global scale where everyone is earning rewards for keeping the blockchain network up and running at all time.
-
They need to be available 24/7/365, and accessible all around the world.
-
Miners have a financial incentive to keep the blockchain available.
- So the network will become remain stable having more miners to protect the data
- Incentives work
The network blockchain maintenance systems using computing power that is working at all times, in multiples places around the world.
For the system to work on an International basis it needs to be 24/7. The miners are financially incentivised.
Incentive of all participants. That is money. Miners keep it running and safe. When a lot of participants stop mining the reward for mining increases and therefore new miners appear. And the circle repeats itself. Money the incentive.
- It needs to function globally 24/7/365 without hiccups.
- The interconectability of millions of nodes globally.
-
Bitcoin blockchain never sleeps. This is due to the networkâs distributed [decentralised] use and size / network of nodes, as well as itâs model of incentivising network security, integrity and availability. The incentivising mechanism is known as mining.
-
This mining incentivises the constant ongoing availability of the network, because money can be earned by this process. These rewards can be earned [or mined] at any time - because a transaction can be made at any time. Therefore the minersâ computing power around the world never sleeps, ensuring that Bitcoinâs blockchain is always online, due to competition for these financial rewards.
- Why is it important for blockchain networks to be high availability networks?
- the block chain must be available at all times for verification of its state and possible to change.
- What is it that enables blockchain networks to have such high availability?
- Very large number of nodes servicing (mining) the block chain by verifying content with consensus algo.
- Large number of nodes will be running as they are incentivized by earning a fee.
1: To keep network secure and run 24/7/365
2: Incentives/ make money
- blockchain networks are globally accessible and must be up all the time.
- financial incentives enable blockchain networks to have such high availability.
-
Why is it important for blockchain networks to be high availability networks?
Because transactions need to be verified globally at any time. -
What is it that enables blockchain networks to have such high availability?
The miners worldwide are incentivised to keep the network going.
- Why is it important for blockchain networks to be high availability networks?
High availability increases the capacity of a network to perform practical functions globally.
- What is it that enables blockchain networks to have such high availability?
The incentives that are remunerated from market facilitators (miners/stakers) are what ensures the ongoing support of processing distributed ledger protocols. The balancing and distribution mechanisms inherent to distributed ledger protocols ensures facilitators are supported/incentivised through peaks and troughs of hash power/staking rewards.
1.Why is it important for blockchain networks to be high availability networks?
It runs 24 / 7 / 365 days a year
2.What is it that enables blockchain networks to have such high availability?
miners are incentivized to participate in the network. Everyone wants to make money. When for some reason they are less miners, difficulty decreases and new miners are incentivized to jump in.
Why is it important for blockchain networks to be high availability networks?
Because everyone wants to make money 24/7/365. This also keeps the security up in the network.
What is it that enables blockchain networks to have such high availability?
Many people using the network and many people are mining.
1. Why is it important for blockchain networks to be high availability networks?
to function as a database it have to be online 24/7/365. BTC is the most connected and the database that have been online for the longes without major offlines. To make transactions and read the database it have to be open and online.
2. What is it that enables blockchain networks to have such high availability?
The miners get rewarded for mining new bitcoins. By doing that they also keep the network online and safe. By getting incentivizes they secure the network.
-
Global networks need to be available 24/7/365.
-
Financial incentives to those who run the network.
-
Availablity is crucial for any network that needs constant accessability and reliablility, especially when used as the foundation for an economy. High Availability networks are less likely to go down as they are dependant on huge amounts of individual supporting computers or nodes.
-
The huge amounts of individual supporting computers or nodes (miners) are incentivised to keep the network operating through earning rewards.