Homework on High Availability - Questions

Blockchain and Bitcoin 101
#864

1*Because its a global infrastructure availability needs to high to enable constant business without disruption.

2*Incentives

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#865

  1. It is important for blockchain networks to be high availability networks because they are global and people all over the world want to have an opportunity to make money.

  2. Incentives through mining, staking and other methods enables the blockchain networks to have such high availability.

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#866

  1. Why is it important for blockchain networks to be high availability networks?
    Because it is a 24/7/365 system so it needs to provide continuously

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

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#867

Why is it important for blockchain networks to be high availability networks?
In order for the network to be secure and the consensus to be maintained there need to be open access and many continual actors in the network. This will ensure that no one node can take control of the network and alter the database.

What is it that enables blockchain networks to have such high availability?
Highly decentralised networks can be accessable from anywher eon Earth at any time. This coupled with the incentivisation of mining ensures thatg there are always willing parties ready to verify the network and replicate the database at many different locations.

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#868
  1. Keeps everyone involved - accessibility
  2. 24/7/365
#869

Homework on High Availability - Questions

  1. Why is it important for blockchain networks to be high availability networks?
  • So that everyone in the world can use it all the time.
  • There is a high incentive to mine and keep making money
  • reliable, because it has not been shut down
  1. What is it that enables blockchain networks to have such high availability?
    The incentive to mine and the amount of computers that are running on the blockchain.
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#870
  1. You need to have access to blockchain and information on it 24/7.
  2. Incentive to participate in network, which keeps the network running all the time.
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#871
  1. Blockchain is a global ledger and therefore is required to operate 24/7/365.
  2. A network that incentivises high security and availability.
#872
  1. Blockchain infrastructure can run 24/7. It can never go offline.
  2. Mining makes people money so they are incentivized to protect and keep the network alive.
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#873
  1. Because people need to use it on a daily basis, which also goes for checking previous transactions.
  2. A decentralized network of computer always incentivized to provide security and smooth operation of the blockchain.
#874

  1. It gives everyone access to the information 24/7/365, anywhere in the world. Incentives are given to people who join and use the network.

  2. Incentives,

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#875
  1. To allow for incentive-based mining
  2. Constant incentives
#876
  1. because people might want to use it at anytime anywhere
  2. the decentralize global platform mechanism of incentive for those who dedicate their computing machine to keep it all running
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#877

Why is it important for blockchain networks to be high availability networks?
it is important as it needs to be available 24 hours a day since the network is global

What is it that enables blockchain networks to have such high availability?
Mining which is to make money gives an incentive to keep the network going

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#878

  1. So that they are easily accessible.

  2. The internet which is always on, it never sleeps.

#879
  1. There cannot be any missing information/downtime to ensure trustless system.
  2. The miners and node validators and the 10 min block time protocol.
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#880

Why is it important for blockchain networks to be high availability networks?

24/7/365 (reliability and accessability)

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

Incentives to the miners who keep the blockchain alive and secure.

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#881
  1. it can protect the network when a failure occurs and any transactions generated at any time in the
    network will be accepted
  2. incentives, nodes
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#882

Homework on High Availability - Questions

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

So anyone can use the network 24x7 365 days a year.

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

This is achieved by the incentivized mining activities that uphold the network.

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#883

  1. Why is it important for blockchain networks to be high availability networks?
    Because it’s a global network and it’s in the interest of all participators.

  2. What is it that enables blockchain networks to have such high availability?
    The technology itself - with mining as incentive and it’s stabilizing mechanisms that the network is kept alive.

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