Homework on High Availability - Questions

  1. The world never stops spinning so the networks need to always be running to accommodate all the transactions that will go on day after day.
  2. The many nodes that store and mine the transactions on a constant basis that keep it up and running even if some nodes go offline.
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  1. Why is it important for blockchain networks to be high availability networks?
    Because miners need access to it in order to protect the network.
  2. What is it that enables blockchain networks to have such high availability?
    A global network of nodes that are mining.
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Why is it important for blockchain networks to be high availability networks?
In order for it to be useful on a global scale, it must be available 24 hours a day, everyday of the year.

What is it that enables blockchain networks to have such high availability?
Incentivizing participants to keep the network alive through the process of mining

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It is important for blockchain networks to have high availability because it provides more security ,
Mining enable the blockchain networks to have such high availably.

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  1. It is important because high availability promotes usage within the coins activity by performing the actions of the specific software. The high availability has made it possible to go worldwide with blockchain and have it be a global financial system. This makes going offline very unlikely in the future, which ensures the stability and liquidity of money at a certain time.
  2. The promise of compensation for participation within the network and the hope to make money, which everyone has inside them to some degree.
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Homework High Availability 1/14/21

1.) Why is it important for blockchain networks to be high availability networks?
Always open for business, always ready to facilitate the verification of transactions in finance, health care, food, etc. 24/7/365 trusted efficiency.

2.) What is it that enables blockchain networks to have such high availability?
Multiple, decentralized nodes and miners collecting incentives to run their server farms.

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  1. Why is it important for blockchain networks to be high availability networks?
    make money
  2. What is it that enables blockchain networks to have such high availability?
    MIners
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  1. Why is it important for blockchain networks to be high availability networks?
    Because of security reason.
  2. What is it that enables blockchain networks to have such high availability?
    Blockchain network newer shuts down it is available 24/7/265.
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  1. Because this ensure security for all the global network by enable data access to everyone 24/7/365. There is a direct correlation between the security of the networks and the high availability.

  2. Each node have a copy of the pubblic ledger and the miners are economically incetivized to not go down by the blockchain protocol. When the networks go down, the difficulty of mining decrese and this push new miners in the network. It’s all about the profits.

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Because Blockchain is a global network and it needs to cover all time zones, it allows transactions to happen 24/7/365.

The incentive system.

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  1. Why is it important for blockchain networks to be high availability networks?
    As a global network it needs to be available 24/7.
  2. What is it that enables blockchain networks to have such high availability?
    Participants are constantly being financially motivated.
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  1. Why is it important for blockchain networks to be high availability networks?
  • Because the global are using it 24/7 365 days never offline, which is covering all time zone for transactions matter.
  1. What is it that enables blockchain networks to have such high availability?
  • The users are usually enable to access and being financially incentives.
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  1. The high availability is one of the best aspects of blockchain technology and is necessary for the instant transfer of funds any time and any where.

2 . The high availability is achieved through the incentive of mining which means people are running nodes and checking ledgers 24/7 tryna get that reward and keeping everything running and up to date in the process

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As blochchain is global it has to be available 24*7 to achieve security and for data replication when new user is added into network.

Mining enables to be network active all the time.

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Hi,

  1. Why is it important for blockchain networks to be high availability networks?
    Since it is a global network, it needs to constantly run to verify transactions.

  2. What is it that enables blockchain networks to have such high availability?
    Everyone is incentivized to keep it alive 24/7/365. And everyone is globally united with one purpose in mind: making money.
    Also, the huge global infrastructure of nodes mining enables it. If a node can’t operate, another will.

R

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Because anyone from around the world can use the blockchain network 24/7.

Incentives to earn money.

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Homework - High Availability
1. Why is it important for blockchain networks to be high availability networks?
Because its is globally and everybody needs to use it 24/7 365 days a year

2. What is it that enables blockchain networks to have such high availability?
   Because of incentive, miners want to make money, when there are fewer miners de difficulties to mine decrease therefore others will jump into mine.
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  1. because it has to be available 24/7/365 for transactions and etc.
  2. it is MONEY, that keeps owners of miners running them then 24/7
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  1. To keep the network secure 24/7/365, as well as to keep a financial system that is always open and accessible.

  2. Miners are financially incentivised to keep the network running. The more miners, the more secure the network will be.

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

Because blockchain network is a global network (global secur infrastructure)and needs to be open 24/7 and 365 days.

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

Financial Incentives to miners.

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