Homework on High Availability - Questions

Blockchain and Bitcoin 101
#1146
  1. Why is it important for blockchain networks to be high availability networks?
    It is important for blockchain networks to have high availability networks so that people/companies can have access to the database all day long.
  2. What is it that enables blockchain networks to have such high availability?
    High availability incentivizes people as this gives people tons of money. Everybody wants to make money.
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#1147

  1. Why is it important for blockchain networks to be high availability networks? because access remains available to participants and security of the network is maintained.

  2. What is it that enables blockchain networks to have such high availability? the miners rewards ensure miners keep on mining and so keep the blockchain running.

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#1148

  1. it is important because it is very important benefit. Bitcoin blockchain has been up and running for more than 10 years now without a break - what other system/application/infrastructure can tell that. It is great to know that you can count on the blockchain to be available there for your use/business at any moment you need to make a task/post a transaction …

  2. it is the fact that the network is made of huge amount of computers that will practically never be taken down at the same time. When the part of the network fails for whatever reason (power insufficiency, political interference…) the rest of the networks run the blockchain further and new devices are joining because of the incentive becomes more available.

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#1149
  1. Because it is an application working 24 hours, 365 days a year.
  2. Mining is the main reason for the high availability of blockchain.
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#1150

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

    Because it is available at all times for every one .Every one is incentivized to keep it alive.

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

    It is open to every one globally; accessible at all times for people to be on the network.

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#1151
  1. Blockchain networks need to be high availability because the world operates 24/7/365. The blockchain network needs to be available all the time in order for transactions to take place and get added to the ledger around-the-clock.
  2. What enables blockchain networks to have high availability is the incentives (money). The law of supply and demand is key, meaning, there is always going to be demand for transactions to be verified. As long as there is profit to be made there will always be miners (supply) willing to do the work.
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#1152
  1. If a network is not accessible, it is useless.
  2. People are getting rewards by participating (mining).
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#1153
  1. It cannot be turned down or taking vacation
    2.that enables durability and high availability .
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#1154

  1. It’s important for blockchain networks to be high availability networks in order to ensure security. Also, because blockchain is a decentralized infrastructure, it must be available 24/7/365.

  2. Financial incentives to miners enable the networks to have high availability.

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#1155
  1. Blockchain networks need to be high availability so that it can have increased security and people can use it.
  2. The incentives are structured so that people will fill in any gaps so they can prevent low availability
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#1156

Why is it important for blockchain networks to be high availability networks?
network is accesible all the time for everyone. and what is on network was already verified.

What is it that enables blockchain networks to have such high availability?
miners are protecting network by just mining. more comps in network means more availability at any time, any day.

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#1157
  1. Blockchain networks are global networks, therefore they need to be available all the time.
  2. All participants of the network are incentivized by the network to be available nonstop and in case that for some participants it is no longer profitable there always be a someone for who it is.
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#1158
  1. Because high availability ensures security and builds trust for the network.
  2. The high number of miners (nodes). They are incentivized in turn to keep the network alive.
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#1159
  1. needed 24/7 just like any other centralized business. It is global so has to be avaiable to everyone at any time. If it stops , everything stops.
  2. incentives through mining
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#1160
  1. If you couldnt use it whenever you want it would be useless
  2. Humans greed for more money
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#1161

  1. Why is it important for blockchain networks to be high availability networks?
    Global infrastructure so it needs to be acessable. And for security reasons.

  2. What is it that enables blockchain networks to have such high availability?
    Mining,financial incentives

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#1162
  1. Key requirement of a stable system.
  2. Incentives (thus , Security i.e. complexity is scalable)
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#1163

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

  • It enables access for the users no matter the time of day or location

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

  • Incentives and rewards for mining
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#1164

  1. High availability is important because if the network goes down, no transactions, no consensus and no verification can occur. Essentially the network is dead.

  2. Incentives! Like stacking sats!

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#1165

  1. Why is it important for blockchain networks to be high availability networks?
    Because the world is always working 24/7!! We all want to make that money all day every day.

  2. What is it that enables blockchain networks to have such high availability?
    When someone is not able to be part of the mining network, no more profit, someone else will take its place. Someone else is always willing to work harder than you for less.

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