Homework on High Availability - Questions

Blockchain and Bitcoin 101
#4318
  1. Why is it important for blockchain networks to be high availability networks?
    To access to blokchain and secure the network.
  2. What is it that enables blockchain networks to have such high availability?
    Incentives
1 Like
#4319
  1. Why is it important for blockchain networks to be high availability networks?
    So transactions can be performed reliably, at any time.
  2. What is it that enables blockchain networks to have such high availability?
    Incentives are high ensuring participant engagement.
1 Like
#4320

2/ because miners, certain nodes within blockchain, are incentivized to add new transactions to the blockchain.

1/ As soon as a group of nodes is out of network, for any reasons, others nodes some where on earth are ready to be inserted in network because they will earn enough money to do that

1 Like
#4321
  1. Why is it important for blockchain networks to be high availability networks?

In fields such as finance, healthcare, military applications etc (typical use cases for the technology), network availability is crucial to ensure validity and timelines of information/data transfer.

Such use cases can require access to live information 24/7/365.

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

Incentives for validation and security.

1 Like
#4322

  1. Why is it important for blockchain networks to be high availability networks?
    Because its an internet protocol where code/math/incentives/mining create a community of trust and constant “audit” of all transactions.

  2. What is it that enables blockchain networks to have such high availability?
    Incentives/Mining adjustable difficulty based on # of partners maintaining the blockchain

1 Like
#4323
  1. High availability means continuous, uninterrupted uptime, ensuring it can be used 24/7.
  2. Miners are incentivised through profits from mining to mine, providing security and new transaction blocks.
1 Like
#4324
  • Why is it important for blockchain networks to be high availability networks?
    A. Because they are global, with no borders or time zones.

What is it that enables blockchain networks to have such high availability?
A. The fact that many parties are given incentives to keep the network running, and any combination of parties can keep it running (as long as it contains a reasonable number).

1 Like
#4325

1.to be secure.
2.It is incentivize thru mining. Everybody wants to make money,.

1 Like
#4326

  1. Why is it important for blockchain networks to be high availability networks?
    Provides reliability because everyone is incentivized to keep it alive.

  2. What is it that enables blockchain networks to have such high availability?
    If one portion “node” of the network goes down other nodes will fill in the gap because of mining which keeps up security and high availability.

1 Like
#4327

  1. -keeping the network up 24/7 makes it convinient from the user perspecitve, as transactions can be executed around the clock.
    -the distribution of the network load -> no working hours
    -ensures security with high number of nodes running 24/7

  2. Through monetary incentives miners are incentivized to run nodes 24/7

1 Like
#4328

  1. It is important for blockchain networks to have high availability because they are global networks, and people have the need to generate money 24/7/365.

  2. What allows blockchain to have high availability are incentives through mining. Mining is incentivized and as fewer people continue to mine, it becomes easier and more rewarding thus driving more miners back into the blockchain. The more miners, the more security there is and also the more available the network is.

2 Likes
#4329
  1. It is important for blockchains to be highly available because it is always running and constantly in use.
  2. The miners who essentially secure the network are incentivized to do so. The amount paid in rewards correlates to the amount of machines mining, more miners = less money and less miners = more money.
1 Like
#4330
  1. Why is it important for blockchain networks to be high availability networks?

Because they are global networks and can never sleep.

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

Financial incentives that are given to miners. They are incentivized to keep the networks running securely so they can earn rewards. From what Ivan was saying, it seems there will never be a shortage of miners and therefor the blockchain networks shall never be vulnerable.

1 Like
#4331
  1. So that it runs 24X7X365 and thus provides a non stop infrastructure for applications running on blockchain.
  2. Blockchain incentivizes all the contributors , this way the benefits are well distributed and it helps keep blockchain running all the time.
1 Like
#4332
  1. it is important for blockchain networks to be high available network 24/7, 365 a year so it can maintain its security as the nodes verify , confirm & update the date into the ledger.
  2. it is an open source network where anyone who mines is incentivized by financial gain for their investment of time & resource .
1 Like
#4333

So that the network never goes down and the transactions will continue to be processed. It also protects the network to have the majority of the network running constantly.

Mining is what incentivizes people to maintain the running of nodes, securing the network, and processing transactions. If a portion of the network goes down, somewhere else it will still be running. The only thing that would screw it would be a GLOBAL power outage.

1 Like
#4334
  1. network never sleeps, everything is running on them in blockchain
  2. Miner‘s network, people want to make money
1 Like
#4335

  1. Because it’s a global based institution. Therefore anyone from any part of the world, that able to get internet access have to have accessibility to accomplish each access that blockchain can provides.

  2. A, Its global distribution.
    B, Incentivization stimulate everyone to perform on the network that increases the availability.

1 Like
#4336

  1. To further insure reliability, stability and availability every second of the year, which is crucial for businesses which demand a 24/7 network

  2. Nodes are rewarded for keeping the blockchain network running at fullsteam

1 Like
#4338 
1.	Why is it important for blockchain networks to be high availability networks?

To allow for connectivity around the globe at all day everyday regardless of ones timezone. Gives the ability for all us to connect via one universal platform

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

Incentive to keep the chain up and running. This security is provided thru mining. If some miners go offline there will be others there to immediately take over.

1 Like