Implement retries with exponential backoff

[sashirestela]

Retries with exponential backoff is a technique that retries an operation, with an exponentially increasing wait time, up to a maximum retry count has been reached. This enables an application to handle transient failures when it tries to connect to a service or network resource, by transparently retrying a failed operation.

References:

• https://learntocodetogether.com/retry-exponential-back-off/
• https://resilience4j.readme.io/docs/retry
• https://www.baeldung.com/resilience4j-backoff-jitter