It is important of blockchain networks to have a high availability so that they are perpetually accessible. If they cannot be accessed at any point this would affect the flow of trade and impact on profit and ultimately trust.
The fact the ledger is decentralised means there are multiple sources of the database simultaneously available.
It is important because it is 24/7/365 and it provides more security ti the network.
There are mining with incentives and that motivate people to keep the sistem running. If mining goes down, many people will mine again for the incentives.
Because it is on a global scale involving many people from many parts of the world. There cant be a “open” and “closed” to worldwide transactions.
It is a network that is built around the collective efforts of people around the globe. In example, Miners are what keep the security and validation a float
Why is it important for blockchain networks to be high availability networks?
Because of the we live in a global infrastructure, business is being transacted 24/7/365.
What is it that enables blockchain networks to have such high availability?
Miners are incentivized to protect the network.
Why is it important for blockchain networks to be high availability networks?
To create value
What is it that enables blockchain networks to have such high availability?
Incentive
High availability keeps the network secure & running 24/7/365. If one node/miner goes down there are more online to keep the network running. Redundancy in the system keeps the network from one point of failure.
Blockchain has high availability because miners are incentivized to keep the network running and secure. Too many miners leave incentives rise because it is easier to make money and vise versa - laws of economic incentives keeps optimal security and availability on network.
High availability is important to keep the network alive. Keeping it alive in fact makes the network itself.
Blockchain networks have high availability because of the nodes participating in them.
Because it must be accessible all the time. The system cannot be down. It is also a huge selling point for blockchain.
Miners enables blockchain to be so available. Miners get incentivized for running the network and that ensures that miners will contribute. Everyone wants to make money.
1 - Blockchain networks are active 24/7 365 days a year, this is because for a global network to be truly effective, people need access to it whenever they need it.
2 - Blockchains are able to have high availability because miners are financially incentivised to secure the network. If part of a network goes offline the protocol will lower the difficulty of mining a blockchain, this incentivises miners to join and secure the network as it will require less computational energy to solve the puzzles associated with mining. Once this is achieved the difficulty of mining will increase, and in turn will increase the security of the network.
blockchain is a global infrastructure that needs to accessible for transactions 24/7/365 days a year. The networks need to be available to verify blockchain transactions.
Financial incentives
It is important for the blockchain to have high availability so that the network can be used globally at any time. It also adds to the power and security of the network
Blockchain network has high availability due to the financial incentives that mining provides
1- It’s important for blockchain networks to be high availability networks because everyone around the world has to be able to access their information or money at any time
2- Blockchain networks are highly available because of mining. If a computer drops from the network another minor will fill the gap
1: it is important because everyone wants to make money.
2: Incentives is what enables blockchain networks to be highly available.