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Blockchain networks are used widely for several applications including global Finance, Medical, Supply Chain…where it is important that the platform not only does not fail but that it is also available 365/24/7. The fact that the bitcoin blockchain has been the longest running network with no failures has given developers the confidence to build other apps on this network.
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There is a financial incentive to keep a blockchain network running. This is why when there’s any point of failure somewhere in the system that other miners will jump in to support the network. This not only ensures that the network keeps operating continuously but also yields financial rewards [blocks] to those keeping the network running a.k.a. mining blocks.
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- to make a new content,build new programs and dapp who help us in more thing in close future.
2.because is reabile,safe and open. and yet in early progress so on the network have so much space for creativity and creating.
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It is important for blockchain networks to always require high availability because it will allow for a constant and always-present infrastructure (a network available 24/7, 365). While keeping this in mind for various applications, (global finance, supply chain, health care) it is very important.
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High availability is due to the incentive provided by mining blocks. Miners are incentivized to keep the network alive by $$
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[quote=“ivan, post:1, topic:8426”]
Homework on High Availability - Questions
- Why is it important for blockchain networks to be high availability networks?
Its a about Value, Money, a global Network Infrastructur must be open 24/7 around the World.
- What is it that enables blockchain networks to have such high availability?
Money!
Its the miners that enables the network such a high availability to make Money.
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Blockchain networks allow information of data to be transacted at any point in time.
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Miners and nodes (Depending on the blockchain/network) are incentivized to always be working on the network and with that incentive, it allows new workers to come into the field if others drop out.
1: Because everyone can participate / get acces to / work on the blockchain by adding value all the time. This is one of the most valued characteristics of the 24 hours economy we live in nowadays.
2. The fact that the bitcoin has never been down (offline) since the genesis about 11 years ago, due to miners keeping the network safe by mining, plays a huge role in keeping availability of the network high.
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Homework on High Availability - Questions
- Why is it important for blockchain networks to be high availability networks?
Answer: Because without high availability people would not use it. It has to be available 24/7/365 to provide maximum value.
- What is it that enables blockchain networks to have such high availability?
Answer: Because it is global, therefore providing 24/7/365 access, and mining provides the monetary incentive to keep the network/blockchain running indefinitely.
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1.works 24/7/365
2. Everyone is incentivesd.
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A high availability network means a secure and healthy network. For example the application money (bitcoin) needs high availability to be successful.
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Because of decentralization and incentives the networks stays healthy and keep running even if parts of it goes offline for some reason.
- so people can use it all the time when they needed around the world.
- Mining: that is how we make money and proteckt the network
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“GNU” is a backronym for “GNU’s Not Unix”. 
- It needs to be 100% reliable.
- Decentralization
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because people incentivised to make blockchain alive, and with different timezone, high availability is a plus where bank closed on weekend
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incentive mechanism that enable the people to make it available as much as possible
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Highly available networks are vital for entities which have high reliance on always-up services, such as banking, financial or medical sectors which cannot tolerate even momentary moments of down time. Blockchain provides an ideal use case for these types of environments. This capability makes for a more desirable location to provide services due to the 24/7/365 uptime.
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Blockchains are highly available infrastructures due to miners. Miners are provided reward for securing the network through computing blocks and participating in validating transactions on the blockchain. If any miners or parts of the network become suddenly unavailable, other miners will fill these gaps to maintain network availability.
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- Why is it important for blockchain networks to be high availability networks?
- Eliminates potenital points of failure
- What is it that enables blockchain networks to have such high availability?
- Due to mining and big node networks
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High availability means the ledger is constantly secured, incentivized, and can be utilized globally with global time zones and hours of operation.
Mining- miners and mining pools are able to view opportune times to join the network. Game theory leads to the availability of the globe to participate.
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Homework on High Availability - 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?
ANSWER:
1 - TO MAKE MONEY 24/7 365 DASY
2 - STABILITY IN MULTIPLE BACKUP LEDGER
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Why is it important for blockchain networks to be high availability networks?
24/7/365 access to allow for transactions anytime, anywhere. -
What is it that enables blockchain networks to have such high availability?
because people want to make money, incentives. if one part of the network dies other computers will automatically join the network to keep it going
- Here we mean that we can use the network 24/7 and 2) Miners are incentivized to make money by mining so transactions keep getting included in the blockchain 24/7
- Improves functionality. More reliable. More people join the nework, making it more secure
- Incentives and the possibility of replacing nodes