1.So people all over the world can access them 24/365
2.Constant mining
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- Why is it important for blockchain networks to be high availability networks? Because they want to make money and its incentivized through participation levels.
- What is it that enables blockchain networks to have such high availability? Scaling difficulty levels and wanting to make profit I supposed. I havent fleshed this idea out fully.
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Trustless and decentralized must be available 24/7 a global protocol available to everyone.
The miners or block producers are incentivized to secure the network by solving the blocks… which keeps the network going 24/7.
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- Because people are transacting 24/7
- Anyone can join and support the network and the are incentivized (with BTC) to do so.
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- Due to growth, it will need to function 24hrs 365 days a year.
- Being Trustless!
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Why is it important for blockchain networks to be high availability networks?
Because everybody wants to make money so it has to operate 24/7/365 -
What is it that enables blockchain networks to have such high availability?
Financial Incentives
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Global network, so needs to be accessible 24/7. So the database doesn’t get lost.
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It runs on a lot of different nodes, if one or more nodes fail or stop, there place is taken rapidly. Because of the incentive of making gains.
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- because it is the cornerstone of the network.
- everyone in the system is invested in keeping it alive
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- Why is it important for blockchain networks to be high availability networks?
Because everybody wants to make money - What is it that enables blockchain networks to have such high availability?
Decentralized nature of a blockchain, if one nodes fails die to outage or something another node can take over.
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Why is it important for blockchain networks to be high availability networks?
It is important because whoever is using the network can have access to it whenever they want without interruptions. -
What is it that enables blockchain networks to have such high availability?
Mining enables high availability networks through incentives for miners that make sure to protect the network 24/365
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- Why is it important for blockchain networks to be high availability networks?
High availability adds value. People want to be able to make transactions or do other block tasks without downtime.
- What is it that enables blockchain networks to have such high availability?
There is not a single point of failure, many different people and organizations can support the network and are incentivized to do so. If less people support the network, then there is a higher reward, so there is a nice supply and demand there which keeps support and uptime.
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Since there are billions of people around the world using this as a global economy it is vastly important for it to be stable and highly available to the public.
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Blockchain networks do not require human interaction much like the banks of today It run off of a machine that never sleeps and allows the system to run 24/7. All the while it keeps track of the data transactions that are taking place.
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It’s important for blockchain networks to be high availability so that their usefulness can be maximized. If they are constantly down for maintenance or down on weekends (looking at you, banks!), their usefulness is minimized.
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Blockchains are inherently high availability because in order for a blockchain to work, it must be distributed and rewarding enough to have wide interest and buy-in. If they succeed at having the necessary engagement, then the distributed nature of the protocol results in availability.
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1. Why is it important for blockchain networks to be high availability networks?
To enable people to access the network at all times and for global security.
2. What is it that enables blockchain networks to have such high availability?
Everyone is incentivized to keep the network running such as mining bitcoin.
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- Why is it important for blockchain networks to be high availability networks?
To be available when someone need it high availability means more trustless and security. - What is it that enables blockchain networks to have such high availability?
In 2 words Money – Incentivisation.
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- Why is it important for blockchain networks to be high availability networks?
Because the more available the network the greater incentive and open time across the world people have to make money. The 24/365 access increases mining which increases blockchain security as well. If people feel very safe that always helps! - What is it that enables blockchain networks to have such high availability?
Incentives enable blockchain networks to have such high availability. The global movitation works stronger than one such place with one such entity. Even if one node goes offline, there are many, many other nodes to pick up the slack.
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1: global transactions 24/7 .
2: mining and the incentive to be rewarded for mining.
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Questions:
- Why is it important for blockchain networks to be high availability networks?
- What is it that enables blockchain networks to have such high availability?
Answers:
- To have the full usability for people the blockchain needs to be up all the time.
- It is the incentive structure given through mining that enables the high availability of blockchain networks.
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Why is it important for blockchain networks to be high availability networks?
To access 24/7/365. -
What is it that enables blockchain networks to have such high availability?
Miners are financially incentivised.
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1.It builds trust in people,its at their fingertips available it is always up and running. If You would not be able to access Your money from time to time it would be frustrating and inconvenient
2.Distributed databases that are incentivized. Financial incentives through mining blocks is what allows the network to have such a high availability rate
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