The dependency of the Internet on a small number of ISPs is an anachronistic, unsustainable requirement. When the Internet was first starting, they were necessary to lay cable and maintain network infrastructure. As a nice consequence of building the infrastructure, the ISPs got to charge for routing traffic as well. But this makes no sense. Why should the ISP's have so much bandwidth routing power?
Routing inherently lends itself to decentralized algorithms, and the research is starting to catch up to the ISP's. Mesh networks are growing in popularity, and once they reach a critical mass they will be unstoppable. Expect to see a rise of reliance on mesh networking in universities and urban centers.
BitCoin is going to revolutionize bandwidth routing. In decentralized routing algorithms, payment for bandwidth is a difficult problem to solve because it depends on centralized components of the system. But BitCoin enables 1) micropayments, and 2) distributed transaction storage, which both benefit bandwidth routing research. Some point soon, routing will be completely decentralized, and the infrastructure providers will receive micropayments of BitCoin in return.
As my senior thesis, I'm researching "TorCoin," a proof-of-bandwidth cryptocurrency mined by transmitting bandwidth over the Tor network. This summer I am working to apply this research in a business environment. If any of this interests you, definitely reach out to me and we'll schedule a chat: miles.richardson@yale.edu
Planet Money recently did a really great show [1] about the ISP routing power in the US vs. other countries, and what led to those decisions. The irony is that they were doing everything they could to not be anachronistic, and to plan for the future. The US chose poorly. Anyway, it's worth a listen.
Routing inherently lends itself to decentralized algorithms, and the research is starting to catch up to the ISP's. Mesh networks are growing in popularity, and once they reach a critical mass they will be unstoppable. Expect to see a rise of reliance on mesh networking in universities and urban centers.
BitCoin is going to revolutionize bandwidth routing. In decentralized routing algorithms, payment for bandwidth is a difficult problem to solve because it depends on centralized components of the system. But BitCoin enables 1) micropayments, and 2) distributed transaction storage, which both benefit bandwidth routing research. Some point soon, routing will be completely decentralized, and the infrastructure providers will receive micropayments of BitCoin in return.
As my senior thesis, I'm researching "TorCoin," a proof-of-bandwidth cryptocurrency mined by transmitting bandwidth over the Tor network. This summer I am working to apply this research in a business environment. If any of this interests you, definitely reach out to me and we'll schedule a chat: miles.richardson@yale.edu