- It makes the network more reliable and more appropriate for a globalized world.
- Incentives
1/ Why is it important for Blockchain networks to be high availability networks. ?
That is the blockchains strength, its Global 24/7 365 days a year, with a trust-less, verified Mathematical + protocol + internet ,robust secure unhackable, unbreakable, unbribeable database ,public ledger,that provides incentives, if you follow the simple rules.
2/ What is it that enables blockchain networks to have such high availability. ?
The blockchain network, is global its aim is to bring its 24/7 365 days a year protocol of verification, trust-less, engagement. high availability, means higher available usage. !?
- Why is it important for blockchain networks to be high availability networks?
Because transaction are done 24/7 365 days per year and needs to always be available worldwide - What is it that enables blockchain networks to have such high availability?
Miners/decentralised computers forming the network of the block chain
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Because if the network did go offline, there wouldnât be any good business in the blockchain network.
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People are incentivized to keep it alive because they want to gain money by mining.
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A great part of the value of the blockchain lies in this high availability. People need to have access all the time doing transactions and it shows the stability of the protocol.
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This high availability is ensured by the incentives for the miners who keep it going as long as they earn.
Why is it important for blockchain networks to be high availability networks?
People want to be able to trade and do business 24/7/365 and high availability blockchain networks allow them to do so.
What is it that enables blockchain networks to have such high availability?
People are incentivised to mine. If there is a drop in the number of minors the difficulty levels drop so more miners join the network. This increases the security of the network and allows it to run 24/7
Homework on High Availability - Questions
- Why is it important for blockchain networks to be high availability networks?
Because everyone on the network mining wants to make money every miner is incentivized to keep the network alive and receive the mining rewards. - What is it that enables blockchain networks to have such high availability?
If some nodes of the network fail for example due to a power breakdown other nodes will keep the network alive or even new nodes may enter the network. Everyone is incentivized to keep the network alive.
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It is important for blockchain networks to be high availability networks because if a blockchain network were to go down you would have to rely on a centralized network.
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blockchain networks have high availability because of incentives. One such example is mining. If more miners were to drop out mining would become easier and encourage more mining growth, thus stabilizing mining or network speed.
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Why is it important for blockchain networks to be high availability networks?
You canât trust a âtruthâ that is only sometimes available. -
What is it that enables blockchain networks to have such high availability?
Incentive
1.- Its always sunny somewhere in the world, people need money for whatever reason
2.-fast-pace way of living, we all prefer fast and effortless things, just like electric current in nature. thats it.
Why is it important for blockchain networks to be high availability networks?
Because everybody wants make money, and for global security.
What is it that enables blockchain networks to have such high availability?
Financial reward
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Why is it important for blockchain networks to be high availability networks?
Stability. In order to have trust in a store of value, it must be available at all times. -
What is it that enables blockchain networks to have such high availability?
Financial incentive.
- Why is it important for blockchain networks to be high availability networks?
By being available at all times, it increases trust in the network and therefore use and continued life of the blockchain - What is it that enables blockchain networks to have such high availability?
The incentive to make money.
- that users can make transactions whenever it is needed
2.incentives
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Because we live in a faster, more connected world. Blockchain is 24/7 365 days a year database.
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Incentivisation and the desire of everyone to be able to make money.
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Why is it important for blockchain networks to be high availability networks?
It makes transactions possible at all times as thus the network becomes resilient (i.e. its independency from the work week. Unlike the stock markets, transactions on the blockchain can be done 24/7, all year long). -
What is that enables blockchain networks to have such high availability?
That is a global, decentralised and permission-less infrastructure
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Because they can be used globally, and especially because some of them are used as mode of payment.
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Reward incentives for nodes, particularly miners, to keep it running.
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In the example of a global financial system one of the most important features is that it is ALWAYS available. You can´t have downtimes because there is a different time on each part of the planet and at every given time there will be someone who wants to make payments.
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Incentives. You get paid for keeping the network up and running.
also consensus because if a blockchain is global there will be copies of the whole protocol spread around the world
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High availability because the blockchain does not shut down, it is truly a technology that runs all across the world, in all geos and time zones, because the generation of value does not and should not stop for any reason.
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To spread equality and opportunity across all participants of the blockchain so all can potentially benefit.
1-High Availability is necessary For the mining and protection of the network.Is available 24/8 365 days of the week.
2-The one thing you pointed out was mining capabilities Keep the network protected. Accessibility!