- Since blockchain is a database that people around the world using, it is important that the database/blockchain stays available 24/7. For example if database stores medical information about your health, you want that info accessible 24/7 in case of emergency.
- The bitcoin blockchain network secured by process called mining, computers that secure the network through process of using electricity to create new blocks. People who run those equipments have incentives to do do it by a subsidy called block reward. So if part of the network goes down and the mining process becomes easier, the incentive drives other people to start mining because it becomes more profitable, which increases the security.
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- It is important for blockchain networks to be high availability networks because it increases the security.
- High availability on blockchain networks is available through mining. Miners earn money. When more miners are active it becomes harder to mine. When less are active it becomes easier. Everyone is incentivized.
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It offers security for the network
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The fact that they’re decentralized means anyone who is capable can join the blockchain network and use it to fulfill their own incentives while strengthening the chain
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- 24/7/365 availability to make money, make deals etc. all over the world.
- Incentive of all the parties. If networdks fall out, the diffculty decreases and other networks come in.
- It’s important for blockchain networks to be high availability networks because these networks will be accessed all the time (24/7/365). Unlike the stock market, there will be no opening and closing of trading. These are global networks which are in demand at any time, for any multitude of reasons.
- Such high availability is accomplished through incentives. Every sector of the industry is incentivized (remunerated) to keep the network going (eg. Miners).
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1.It’s important for all people around the world to use the network 24/7 -because they get rewards from mining,staking and always network stays stable.
2.Incentives, rewards makes more people globaly to mine crypto and running 24/7.
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- Because it increases security of the blockchain.
- Financial incentives.
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It is important because people and businesses need access to the network globally, 24/7 365 days a year.
Blockchain miners create blocks and enable the network to have high availability.
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- It need to be online 24/7/365 so it can be available world wide.
2.Its nodes all over the world with incentiv to keep it alive and make money
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blockchain infrastructure is accessible 24/7/365. It is important for the global financial security of the network. The more computer power on the blockchain, provides more security
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because everyone is incentivized to keep blockchain alive to make money. If part of the network drops, other computers will join the network by mining
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1.For all use case which needs to be available non-stop,
like different financial services or other future applications on the top of the protocol.
2.High availability is achieved trough mining, means network participant are incentivized (financially) to maintain and protect the network.
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Why is it important for blockchain networks to be high availability networks?
People want to make money, therefore, keeping the blockchain going 24/7 365 insures the network security and accessibility of the infrastructure. -
What is it that enables blockchain networks to have such high availability?
Everyone is incentivized and it’s reliable - always there, never shuts down unlike stockmarkets.
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Why is it important for blockchain networks to be high availability networks?
It is important for blockchain networks to be highly available so that it can be globally used for individual or small entities as well as large global groups and companies taking advantage of the technology. -
What is it that enables blockchain networks to have such high availability?
The incentive on making money. Mining is how the network stays secure . Miners make money by protecting the network. This incentive promotes the miners to keep the blockchain network secure and operational, creating high availability as a product.
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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 since they are a global infrastructure. Due to this, the application needs to be running at all times in order to keep business flowing at a constant rate.
- What is it that enables blockchain networks to have such high availability?
- Blockchain networks have high availability because everyone is incentivized to keep it alive.
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- Because blockchain networks are/will be global.
- There’s financial incentives to keep it running by mining.
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- Why is it important for blockchain networks to be high availability networks?
High availability means that the network is accessible at all times and is therefore highly reliable.
- What is it that enables blockchain networks to have such high availability?
The economic incentives ensure that the network is kept up and running 24/7, 365
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- Why is it important for blockchain networks to be high availability networks?
Because we can have confidence that it will never be offline. It means the network is 365 days 7/24 hours of availability.
- What is it that enables blockchain networks to have such high availability?
A lot of computers compound the network, so even if one part of the network is down the rest will continue running and all the time more computers are being connected to the network.
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Yes, but full nodes alone is not enough. It’s mainly the miners who wants to earn money by including transactions into a block. As long as the bitcoin network is producing blocks, the network keeps being alive.
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If a blockchain is used globally, it has to always be running and be available, because there is a constant need for it.
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Because of mining there is always incentive to keep the network running.
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- if not it’s not really usable. if you need it for payment, and its not available, there is no way for the seller to verify if the transaction went tru.
- financial incentives. even if miners stop, others will step in with lower difficulty.
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