Why is it important for blockchain networks to be high availability networks? The more populated the network, the more secure it is.
What is it that enables blockchain networks to have such high availability? Incentives: mining
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Why is it important for blockchain networks to be high availability networks?
They need to support financial services and other real time services so it is essential they are available 24/7 , 365 days of the year
What is it that enables blockchain networks to have such high availability?
They are all incentivised by the opportunity to make significant amounts of money for each transactional block they can verify. Miners are independent of one another and hence when some drop out because of things out of their control , like high energy prices, others can take their place where energy is cheaper. This competition ensures high availability across the world.
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Why is it important for blockchain networks to be high availability networks?
The more high availability it has the more secure it becomes. -
What is it that enables blockchain networks to have such high availability?
Every blockchain user incentives the network.
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- because itâs the best and most logical feature of a network based on incentives and rewards
- the incentives given to miners
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1 Why is it important for blockchain networks to be high availability networks?
Availability needs to remain high to enable the constant creation of new blocks and to allow nodes to read the public ledger.
HA is one of the key features that distinguishes the blockchain network. Most of the assets and trading zones that tend to operate on the Blockchain
network are attracted to it by its 24/7 365 identity that allows it to enable constant business and interaction.
2 What is it that enables blockchain networks to have such high availability?
Blockchain networks have such high availability because miners join to chase new profits and the availability increases, if the number of miners
goes down so does the difficulty of securing profits so new miners flood in to take up the slack and increase availability again.
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- Why is it important for blockchain networks to be high availability networks?
It is important for blockchain networks to be high availability networks so they keep running and are accessible to whoever needs access without any downtime that could interrupt service providers. It also provides financial incentive to keep functioning 24/7/365.
- What is it that enables blockchain networks to have such high availability?
What enables blockchain networks to have such high availability is miners protecting the network and keeping it up and running. If a computer were to run out of electricity, another one can replace it and come onto the network for seamless operability.
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It is important for block chain networks to be in high availability because we can have access to it at all time. It allows it to be a global network that we can rely on at all times.
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Miners enable block chain networks to have such high availability. It is primarily through the incentive of making money.
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Blockchain solves the centralization problem, when a centralized system goes down it leads to a shutdown globally where ever it is being used. The core advantage of the decentralized system is that it can never go down and the database can never be deleted/shutdown.
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Decentralization. Multiple nodes carrying a copy of the complete ledger ensures that if one node goes down another will do its job.
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- 24/7 365 availbity
- through incentives or block rewards given to miners.
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Why is it important for blockchain networks to be high availability networks?
It is a global network system so it has to be available 24/7/365 for anyone in any part of the world at anytime -
What is it that enables blockchain networks to have such high availability?
Miners are incentivized to protect the network, to keep the network alive
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Why is it important for blockchain networks to be high availability networks?
So it can run Globally 24/7 365 days a year -
What is it that enables blockchain networks to have such high availability?
Incentives = money
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- Why is it important for blockchain networks to be high availability networks?
Because Blockchain is a global financial network and it is very important that it stays online or else big problems can occur.
- What is it that enables blockchain networks to have such high availability?
Because miners get financial incentives to keep it online.
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Why is it important for blockchain networks to be high availability networks?
Because everybody is highly incentivised to keep it running, because everybody wants to make money.
What is it that enables blockchain networks to have such high availability?
its accesability 24/7/365. Even if there is a electricity fall out for instance, the network will be sustained by other computers/nodes to take over. Als miners make sure that the avalibality remains constant.
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- Why is it important for blockchain networks to be high availability networks?
Because of security. The more available the network is in other words the more people that mine it the more secure it gets. You also donât want any downtime in transactional system.
- What is it that enables blockchain networks to have such high availability?
Incentive to mine is what enables networks to have high availability and security.
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1 If it werenât 24/7 it would be kind of pointlessâŚ
2 Incentives from minders.
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Why is it important for blockchain networks to be high availability networks?
It is important to have high availability as this provides more computational power to secure the network in providing security through consensus the more computers the more copies of blocks, level of consensus and reliability. High availability ensures security and builds trust -
What is it that enables blockchain networks to have such high availability?
Financial reward is provided through mining. Mining is difficult on a high volume network, it requires significant investment and resources and truth is rewarded whilst loss of trust will be recognized on the node and no incentive will be earned.
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- Why is it important for blockchain networks to be high availability networks ?
When a blockchain is available 24/7/365, it builds trust and people will be comfortable to use it.
- What is that enable blockchain networks to have such high availability ?
Because many diffrent users are running the same Blockchain and they got incentives for it.
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1- It is important for blockchain networks to be high availability because world-wide commerce is 24/7 and without it, money cannot be made.
2- Miners are incentivized to allow blockchain networks to have high availability because without availability on these network, making money would slow.
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1. Why is it important for blockchain networks to be high availability networks?
Blockchain networks must be highly available networks since they offer a global infrastructure where everyone can make money and because they benefit so many industries that need more security, transparency, and trustlessness.
2. What is it that enables blockchain networks to have such high availability?
Blockchain networks have such high availability through financial incentives to the miners. If security declines, mining becomes easier and more profitable so there will always be new miners joining the miners network to make more money.
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1. Why is it important for blockchain networks to be high availability networks?
It is very important to have access to the data at all time - 24/7/365.
2. What is it that enables blockchain networks to have such high availability?
Because of the incentives for miners. If the difficulty decreases there are more rewards for miners which atracts people to start mining.
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