920-804 exam Dumps Source : Technology Standards and Protocol for Converged Networks
Test Code : 920-804
Test appellation : Technology Standards and Protocol for Converged Networks
Vendor appellation : Nortel
: 73 existent Questions
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March 31, 2005 14:00 ET
news unencumber TRANSMITTED by using CCNMatthews
NYSE, TSX image: NT
MARCH 31, 2005 - 14:00 ET
Nortel Names Gary Kunis as Chief know-how Officer;Brian McFadden to sheperd superior know-how, Researchand specifications company
TORONTO--(CCNMatthews - Mar 31, 2005) -
Nortel Networks industry enterprise (NYSE:NT) (TSX:NT) nowadays announced theappointment of Gary Kunis as Chief know-how Officer (CTO). As CTO,Kunis will lead the strategic imaginative and prescient for the company's product andtechnology portfolio.
until 2002, Kunis become the executive Science Officer at Cisco systems. One ofthe pioneers of the internet in the Nineteen Eighties, Kunis has led numerousdevelopment and engineering breakthroughs concerning cyber web Protocol(IP) specifications and routing expertise used to connect the worldwide webof networks that accomplish up the web.
Kunis will document to Gary Daichendt, president and chief operatingofficer (COO), profitable April four, 2005.
"We're extremely joyful to occupy Gary live a fragment of their crew. he's an acknowledgedInternet pioneer with a solid listing of accomplishment and that i recognize hewill give an outstanding contribution to Nortel's technologyleadership," said Gary Daichendt, president and chief working officer,Nortel. "His music listing in main the building, servicing and sellingof community technologies globally can live a robust addition. he is anexcellent senior leader who during his career has consistentlydemonstrated his capacity to link know-how innovation with businesssuccess each internally and externally."
apart from the Kunis appointment, Nortel announced that BrianMcFadden, a 26-year Nortel veteran and the current CTO, has beenappointed to the position of Chief analysis Officer (CRO), valuable April4, 2005. In his unusual role, McFadden will oversee the superior know-how,research and requirements corporation and will proceed to record to thepresident and COO. He could live liable for surroundings Nortel's researchpriorities to live certain they attend the enterprise's enterprise thoughts,which encompass preserving an trade management position in conclusion-to-endbroadband, Voice over IP, multimedia functions and applications, andwireless broadband solutions. McFadden will furthermore live certain that Nortelcontinues to play a lead position in industry necessities and regulatoryorganizations.
"we're absolutely dedicated to transforming into their industry and a key componentof it really is their persevered technology management," talked about invoice Owens, vicechairman and chief executive officer, Nortel. "cutting-edge announcementreaffirms the profound magnitude of research and pile toNortel's future and their commitment to making unavoidable their technology decisionsare extremely built-in with their common company approach and thedynamics of a very aggressive world market. developing twodistinct know-how and analysis and construction organizations withspecific mandates and led through two very completed senior executivescertainly reflects their 'enjoying to win' commitment to enhancingshareholder value."
past in his profession, Kunis turned into worried in the design, implementationand operation of colossal scale statistics and telecommunications networks forseveral U.S. govt company programs, together with the department ofDefense, U.S. Navy, U.S. Air force, country wide Aeronautics and SpaceAdministration (NASA), as well as for civilian organizations whereas workingfor the Boeing enterprise. Kunis additionally held a few senior engineeringpositions with Boeing's industry and defense-connected agencies.
A graduate of the situation university of huge apple (SUNY) at Binghamton witha Bachelor of Arts diploma in Economics, Kunis additionally holds a grasp'sDegree in Economics from Tufts tuition.
Kunis and McFadden occupy furthermore been appointed CTO and CRO, respectively,of Nortel Networks constrained, the company's essential operating subsidiary.
Nortel is a diagnosed leader in offering communications capabilitiesthat enhance the human adventure, ignite and energy international commerce, andsecure and tender protection to the realm's most essential information. Serving bothservice provider and commercial enterprise shoppers, Nortel gives you innovativetechnology options encompassing end-to-end broadband, Voice over IP,multimedia capabilities and functions, and wireless broadband designed tohelp people remedy the world's top of the line challenges. Nortel does businessin more than one hundred fifty nations. For more information, contend with Nortel on theWeb at www.nortel.com. For the latest Nortel news, visitwww.nortel.com/news.
definite suggestions blanketed during this press free up is forward-lookingand is discipline to essential dangers and uncertainties. The consequences orevents predicted in these statements can furthermore sweep materially from actualresults or movements.
components which may trigger results or movements to vary from currentexpectations consist of, amongst different issues: the influence of regulatory andcriminal investigations and civil litigation moves concerning Nortel'srestatements and the influence any ensuing legal judgments, settlements,penalties and expenses could occupy on Nortel's effects of operations,financial situation and liquidity; the findings of Nortel's independentreview and implementation of advised remedial measures; the outcomeof the independent evaluate with recognize to revenues for specificidentified transactions, which evaluate may occupy a selected stress onthe underlying habits that led to the initial attention of theserevenues; the restatement or revisions of Nortel's previously announcedor filed economic results and resulting negative publicity; theexistence of fabric weaknesses in Nortel's internal controls overfinancial reporting; the occupy an impact on of Nortel's and NNL's failure to timelyfile their fiscal statements and connected intermittent studies, includingbreach of its back facility and public debt tasks and Nortel'sinability to entry its shelf registration observation filed with theUnited States Securities and exchange fee ("SEC"); ongoing SECreviews, which can result in adjustments to their public filings; thepotential delisting or suspension of Nortel's and NNL's publicly tradedsecurities; the influence of management changes, including the terminationfor explanation for Nortel's former CEO, CFO and Controller in April 2004; thesufficiency of Nortel's restructuring activities, including the workplan introduced on August 19, 2004 as up-to-date on September 30, 2004,together with the abilities for bigger specific expenses to live incurred inconnection with restructuring moves in comparison to the estimated costs ofsuch movements;
cautious or decreased spending by pass of Nortel's consumers; fluctuations inNortel's operating outcomes and time-honored business, economic and marketconditions and enlarge fees; fluctuations in Nortel's cash move, levelof fanciful debt and existing debt ratings; Nortel's capacity torecruit and back certified employees; using money collateral tosupport Nortel's tolerable course industry actions; the dependence onNortel's subsidiaries for funding; the impact of Nortel's definedbenefit plans and deferred tax assets on results of operations andNortel's cash circulation; the hostile resolution of class actions, litigationin the common course of business, intellectual property disputes andsimilar matters; Nortel's dependence on unusual product evolution and itsability to call market exact for selected products; Nortel'sability to combine the operations and applied sciences of acquiredbusinesses in an excellent method; the occupy an impact on of quick technological andmarket change; the influence of expense and product competitors; boundaries tointernational enlarge and global economic circumstances, above complete inemerging markets and together with interest rate and currency trade ratefluctuations; the occupy an consequence on of clarification and consolidation in thetelecommunications business; adjustments in legislation of the internet; theimpact of the credit dangers of Nortel's purchasers and the move ofcustomer financing and commitments; inventory market volatility generallyand as a result of acceleration of the settlement date or earlysettlement, which is at present not available, of Nortel's forwardpurchase contracts; the impact of Nortel's deliver and outsourcingcontracts that comprehend tower and installation provisions, which, ifnot met, may outcomes within the fee of substantial penalties orliquidated damages; and the longer term success of Nortel's strategicalliances.
For additional info with admire to positive of those and otherfactors, descry essentially the most fresh Annual document on benevolent 10-okay and QuarterlyReport on contour 10-Q filed by using Nortel with the SEC. unless otherwiserequired by means of applicable securities legal guidelines, Nortel disclaims any intentionor duty to supersede or revise any ahead-searching statements,no matter if on account of unusual information, future movements or in any other case.
Nortel, the Nortel logo and the Globemark are logos of NortelNetworks.
desktop community know-how (CNT) and Nortel Networks occupy brought plans to simplify storage belt network (SAN) integration into enterprise IP and optical networks. This cooperative exertion is in accordance with existing, demonstrated applied sciences, together with Nortel Networks' metropolitan and lengthy-haul optical items, and CNT's protocol adaptation technologies and centered requisites work corporations.
both organizations will collaborate on the design and construction of applied sciences and solutions that integrate SAN functions and infrastructure with the Optical internet, each metro and long haul. The collaboration will purchase vicinity in two stages.
within the near term, the collaboration will encompass the deployment of service provider-based SAN solutions so as to tackle products and functions from each agencies, together with Nortel Networks' OPTera Metro multi-service platforms (CNT's UltraNet Director, CNT SAN Integration services, and many others.) into a separate client offering.
In coaching for the long run, work will start immediately on the specification of latest, vertically built-in options combining IP, Optics, FC, SCSI, Escon and different technologies, with a focus on optimization of these applied sciences for networked storage applications over carrier company networks. CNT and Nortel Networks will work carefully with the service company neighborhood on the construction of this specification.
moreover, the groups will collectively market and back SAN/IP and SAN/optical options to carrier suppliers and key companions, and work with network suppliers to strengthen a collection of storage applications and features. utility labs will even live created to qualify storage solutions to function beneath the brand unusual environments. both companies will furthermore participate in joint consumer trials to establish the value of the technology in loyal networks.
previously, IP networks had been inadequate to deal with the best of service, the information protection wants or the bandwidth-on-demand wants of storage applications. CNT has developed a transport protocol that provides stronger storage application reliability on a common IP spine, together with data compression, alternate routing, load balancing and stronger circulate manage. This storage transport protocol is at present being used to facilitate SAN extensions over long distances, enabling key purposes such as distance mirroring, tape backup and storage distribution.
CNT and Nortel Networks will work toward the standardization of these improvements through submissions to the acceptable requisites committees, including the information superhighway Engineering assignment drive (IETF), and the American countrywide specifications Institute (ANSI) T11 working group for consideration as an extension to the FCBB (Fibre Channel again-Bone) standard.
The items and know-how to attend the collaboration between CNT and Nortel Networks exist today, including the Fibre Channel products from Brocade, which were proven in each enterprise's lab. CNT and Nortel Networks expect to initiate customer trials in 3rd quarter 2000.
For greater advice, talk over with www.nortelnetworks.com, or www.cnt.com.
Tuesday, February 5, 2019
government businesses, companies, hospitals, and universities are the common targets of stunning data breaches that can move millions of individuals. however okay-12 schools are additionally at risk for cyber attacks as they rely more on know-how for day-to-day operations and usually hold a wealth of fine information about their college students, teachers, directors, and other team of workers.
information reports of cyber attacks on colleges surface always. A phishing beset on San Diego Unified college District in California enabled hackers to pinch sociable safety numbers and addresses of greater than 500,000 students and district staff. discovered in October 2018, this far-achieving incident occurred between January 2001 and November 2018. and usually, facts breaches are on the upward thrust – a recent report found that essentially half one billion client information containing fine own suggestions were hacked in 2018, in assessment to 198 million sensitive statistics in 2017.
To tackle these gathering cyber threats in opposition t faculties, the ny situation branch of training (“SED”) lately proposed new rules in order to, as soon as adopted, require school districts and state-supported faculties to enhance and do in coerce powerful statistics protection and privateness courses to give protection to any individually identifiable suggestions (“PII”) concerning students, teachers and principals.The SED’s law is constructed from a yoke of key sections, including:
parent’s invoice of Rights. each faculty ought to submit a dad or mum’s invoice of rights on its web page. colleges necessity to additionally comprehend the bill of rights in each third-birthday celebration compress the station a third celebration contractor will obtain PII. colleges will live required to set up a transparent direction for fogeys to converse and file complaints about breaches or unauthorized releases of scholar facts, including a problem to the accuracy of the scholar records.
information protection and privateness typical and Plan. The national Institute for requisites and know-how Cybersecurity Framework (“NIST CSF”) is the regular for faculty protection policies. moreover, each and every time a college enters into a third party compress with an entity to live able to receive PII, an information safety and privacy arrangement should live provided. The arrangement necessity to outline, amongst other things, how the third-party contractor will guard PII in keeping with the school’s records safety and privateness software. complete officers or personnel of the third-party contractor who occupy direct entry to PII necessity to receive practising on material federal and situation law.
practicing for educational company employees. guidance privacy and safety consciousness practicing, online or in grownup, occupy to live provided yearly by faculties to their officers and employees that occupy entry to PII.
statistics insurance arrangement Officer Appointment. each school is required to nominate a learning protection Officer (“DPO”), filled by pass of a brand unusual or present worker, that's liable for enforcing complete required safety and privateness guidelines and methods. The DPO will serve because the point of contact within the college on complete information safety and privateness matters.
stories and Notifications of transgression and Unauthorized unlock. concerning any transgression or unauthorized unlock of PII, third-birthday party contractors necessity to report to complete affected faculties with out unreasonable detain however in no case no more than seven calendar days from the date of discovery. After a 3rd-birthday party transgression notification, or after independent discovery by the school itself, the affected school should notify SED inside 10 calendar days. inspite of the station the transgression or unauthorized release become found, the college must notify affected people devoid of unreasonable detain but in no case no more than 14 calendar days from the date of discovery. If, besides the fact that children, notification would expose an ongoing vulnerability or tamper with a legislation enforcement investigation, the notification may live delayed except no later than seven calendar days after the vulnerability has been remedied or the investigation has concluded.
Chief privacy Officer’s Powers and responsibility. the chief privacy Officer (“CPO”) of SED can occupy entry to complete data, audits, and documents within a college regarding the PII of people. moreover, the CPO will occupy the authority to require faculties to function privacy and protection risk assessments at any given time.
Third birthday party Contractor Civil Penalties. After each and every transgression or unauthorized release of PII through a 3rd-birthday party contractor, the civil penalty could live up to $10 per affected scholar, teacher, and main. It might live the CPO’s responsibility to investigate each transgression or unauthorized release from a 3rd celebration entity.
After the mandatory 60-day public remark duration for the proposed legislation, it is generally introduced for permanent adoption to the Board of Regents complete the pass through its may 2019 assembly. If adopted through the Board of Regents, the legislation may live efficacious July 1, 2019.
Co-creator: Gabrielle Bruno
Jackson Lewis P.C. © 2019
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With complete major mobile carriers expected to tender 5G this year, enterprises that want to purchase edge of this next-gen mobile data service necessity to start thinking about how to back it on site.
Anticipation is keen for 5G, given that it promises to deliver faster speeds and lower latency than the current premium wireless technology, 4G LTE. Ideally, 5G networks could deliver quick internet to areas of the country where wired broadband is unavailable, and more trustworthy connections to a variety of devices including not only computers and smartphones but furthermore appliances, automobiles and security systems. But to exercise these services as a WAN option, businesses necessity hardware that can connect it to their existing wired and wireless LANs.
Here's a rundown of the device makers that are known or rumored to live providing networking gear to pipe 5G to your office.D-Link 5G gateway
D-Link revealed its DWR-2010 5G NR Enhanced Gateway in January. The device accepts a SIM card to receive 5G and 4G LTE signals from a carrier and routes them to devices connected to it by Wi-Fi or Ethernet. It has AC2600 dual troupe Wi-Fi (which transmits up to 800 Mbps and 1732 Mbps for each band) with MU-MIMO, and 5 Ethernet ports.D-Link
D-Link’s 5G NR Enhanced Gateway will live available in the second half of 2019.
It supports D-Link's own Wi-Fi Mesh Technology (which allows for it to live networked with other D-Link routers) and Voice over LTE to let you accomplish voice calls on your carrier's LTE network.
The DWR-2010 is scheduled for release sometime in the second half of 2019. Many D-Link devices are sold to the common public. It remains to live seen if this will live loyal with the DWR-2010. For now the company lists its expense as "varied" depending on which 5G carrier will provide it for its customers.HTC 5G hub
HTC and Sprint announced in November that they're working together to develop a mobile 5G "smart hub" to back the carrier's 5G network. (Sprint's 5G network is set to launch sometime in the first half of this year.) The intial announcement revealed only that the device will rush Qualcomm's Snapdragon x50 5G modem chipset.
More details emerged in December, when a 5G hub device developed by HTC was revealed for exercise on Australian carrier Telstra's 5G network. The HTC 5G Hub for Telstra has a array about the size of a diminutive smartphone to present status information for 5G and Wi-Fi signals, and the devices connected to it. It's speculated that the array – larger than accustomed for a hotspot – could furthermore live used to present pictures and video. As of this writing, it hasn't been confirmed if the HTC 5G Hub is the selfsame smart hub device that Sprint will sell to customers to exercise on its 5G network.Huawei's 5G devices
In February of final year, Huawei announced devices that would rush its own 5G chipset, the Balong 5G01. The company claimed it would live the first to back the final 5G specifications sanctioned by 3GPP, the trade group that governs cellular standards. Huawei furthermore revealed two 5G router devices: A great unit that comes in both indoor and outdoor models, and a smaller unit for indoor use. At the time, the larger 5G models were being tested on a major Canadian carrier, Telus.
But ongoing controversy is impeding the Chinese company's plans. The U.S. government accuses Huawei of enabling spying through its devices, perhaps at the behest of the Chinese government. So Huawei has been banned from supplying its tackle to the U.S.'s emerging 5G networks. Australia and unusual Zealand occupy furthermore decided to fully ban Huawei from their nations' 5G infrastructure.Inseego 5G mobile hotspot
Inseego has two 5G routers, both for the Verizon's 5G network that launched in October. The first, the R1000, is a white cylinder that takes the 5G signal from Verizon’s towers and forwards it to devices connected to it. It supports Wi-Fi with 4x4 MIMO technology and Voice over LTE, has power-over-Ethernet capability and can rush on a battery that is replaceable.Inseego
Inseego’s MiFi 5G NR mobile hotspot device supports the unusual Wi-Fi 6 protocol, 802.11 ax.
Inseego's other model, the MiFi 5G NR, was revealed in December; its shipping date has yet to live determined. The MiFi 5G NR runs Qualcomm's unusual Snapdragon 855 processor and Snapdragon X50 5G modem chipsets, and it supports the unusual Wi-Fi 6 protocol (AKA 802.11 ax). It has a array to present connection status and data usage.Netgear Nighthawk 5G mobile hotspot
Netgear claims its Nighthawk 5G Mobile Hotspot is the first 5G standards-compliant networking device. Due for release in the U.S. sometime this Spring, the Nighthawk will live for exclusive exercise on AT&T's 5G network, which was turned on in 12 U.S. cities in December. The list expense for the Nighthawk is $500.Netgear
Netgear's Nighthawk 5G Mobile Hotspot will live available on AT&T's 5G network
It runs Qualcomm's Snapdragon X50 5G modem chipset, and it includes a array to present stats. The array will present information such as how much data from your allotted arrangement with AT&T has been used, days remaining before your arrangement resets, devices connected to it, and signal strength.
That's the extent of the device features that occupy been revealed as of this writing. It's viable the Nighthawk 5G will comprehend features similar to Netgear’s Nighthawk LTE Mobile Hotspot Router, which is furthermore for AT&T networks. The LTE version supports the skill to occupy up to 20 devices connected to the hotspot through Wi-Fi. It furthermore offers parental controls that could live useful in an office setting, such as the skill to obscure types of content and websites.Nokia merges mobile and network divisions
This is one company to watch, even though it hasn't announced any consumer-end 5G devices. Over the final several years, Nokia has been at the forefront of developing and testing 5G hardware for carrier networks that comprehend 5G foundation stations in partnership with Qualcomm. T-Mobile has bought $3.5 billion worth of Nokia 5G hardware to build its 5G network.
Nokia formed an Access Networks Division to expand its industry further into the global 5G market. Internally, the company merged its part mobile and network industry divisions to create this separate entity at the start of 2019. It's viable that from this division, Nokia will develop and release a 5G router or other device for customers of U.S. 5G carriers.Samsung indoor and outdoor 5G routers
Samsung worked with Verizon throughout 2018 to develop a 5G network setup for industry and home use. final February, the company announced that its 5G FWA (fixed wireless access) unit was the first to gain approval by the FCC.
This device is an antenna foundation enclosed inside a white, rectangular box with rounded corners and edges. It's meant to live installed outdoors on your premises or immediate by to receive a 5G signal from Verizon's towers. This unit then re-transmits the signal to a 5G router, which your computer or other device connects to through Wi-Fi or Ethernet.Samsung
Samsung’s lineup of 5G commercial routers includes indoor and outdoor devices.
Samsung developed part indoor- and outdoor-use 5G routers. The indoor model looks relish a typical, square-shaped router propped up vertically, which Samsung specifies should live positioned by a window to better receive the 5G signal being transmitted by the 5G FWA. The outdoor version resembles a speaker.
These devices were provided to customers of Verizon’s 5G Home service. The carrier’s 5G network launched in October in Houston, Indianapolis, Los Angeles and Sacramento.Join the Network World communities on Facebook and LinkedIn to remark on topics that are top of mind.
As the number of devices coming onto the IIoT scene continues to expand at a rate akin to a Cambrian explosion...
of growth -- thanks to input from early adopters and test beds -- IIoT standards are just now developing to sheperd those seeking industrial IoT.
"Very few standards originally designed for IoT exist so far," said Richard Soley, who is both executive director of the Industrial Internet Consortium (IIC) and CEO of the protest Management Group (OMG). "Low-level middleware is available -- including their data distribution service -- but it's just the beginning. The difficult fragment isn't the protocols; it's the semantics. Every vertical market within IoT has different semantics that must live supported."
By working with industrial test bed ecosystems, the IIC is developing and testing out scenarios to determine how IIoT standards can accomplish pile specific test beds easier. "One of these test beds -- Track and Trace, led by Bosch in Germany -- has do out a set of semantics requirements," Soley said. "Based on this, OMG has begun developing standards for logistics inside and outside of factories."IIoT hills to climb
What are the biggest challenges in developing IIoT standards? "Ensuring seamless interoperability across the vast sweep and diversity of current and unusual IoT applications is no effortless feat," said Peter Niblett, an IoT platform architect at IBM and a member of the OneM2M marketing and communications subcommittee, which develops standards for machine-to-machine communications and IoT.
The challenge of integrating legacy applications already in station -- such as SCADA systems and closed proprietary systems that weren't designed to communicate across production lines and functional areas -- with new-to-market devices and technologies "is presenting a number of hurdles on the road to enabling a harmonious IIoT ecosystem," Niblett added.
Several protocols for data transfer Do exist and "are suited for different kinds of communication networks found in IIoT applications," Niblett said. Examples of IoT protocols for field-area networks comprehend the Constrained Application Protocol, MQ Telemetry Transport (MQTT) and more industry-specific ones, such as Modbus. Wide belt networks mind to rely on MQTT and HTTP, and data transfer to back-end applications uses HTTP or messaging protocols relish Apache Kafka.
The OneM2M global industrial IoT gauge is designed to shroud technology complexities for IoT application developers through an abstraction layer. "It enables a horizontal linking of data through a universal standards-based approach," Niblett said. "This allows different systems and devices within an industrial setting to integrate, while enhancing industrial operations within this belt and improving the IIoT ecosystem as a whole."Standard benefits
How exactly can connected applications benefit from IoT and IIoT standards? "By adopting an interoperable horizontal approach, fragmentation within the IoT ecosystem can live prevented," Niblett explained. "This provides powerful benefits for suppliers because they won't pick up locked in to solutions. It furthermore allows them to easily integrate with other suppliers within the ecosystem, which means consumers' demands are met through a wider election of providers."
Federating standardized IoT platforms and operating systems across multiple production lines and subsystems "improves ease of application and data sharing, which will live key if the industry is to truly enhance the industrial chain," Niblett pointed out. "OneM2M's platform provides a security architecture to ensure the trustworthy, safe and secure handling of the data collected or processed by these IIoT devices -- which is particularly essential within industrial environments, where security glitches could present safety concerns that occupy never been contemplated before, with a transgression potentially resulting in a life-threatening situation."
A more difficult question, according to Soley, is: What industrial IoT standards will accomplish application evolution more useful? "Everywhere I go, people examine what standards exist, and I reply that semantics standards are what's really necessary," he said. "Then they examine about protocols. We've been publishing protocols since 1990 and, while they're painful, it's a solved problem. The existent issue is that you necessity guidance in choosing the perquisite protocol and then getting the semantics on top of it -- essentially the metadata that sits above the numbers that pass around the network."
In the near future, don't expect to descry many broad-based IIoT standards emerge. Rather, watch for "semantic technology requirements and standards within specific markets," Soley said. "Lots of those requirements will live coming out of test beds soon -- for energy grids, healthcare, agriculture, energy production, etc. OMG is working on some of these standards, but other standards organizations are too."
Over the past decade, they occupy witnessed the emergence of revolutionary innovation, of which the evolutionary significance is yet to live fully recognized. Of course, we’re referring to the blockchain, cryptocurrencies, and, more generally, the phenomenon that they relate as the Internet of Value. Blockchain and related technologies occupy the break to transform the world of finance and other value systems, in exactly the manner by which the Internet has transformed the pass they exchange information.
There occupy been some key milestones leading up to this point: the launch of Bitcoin in 2008; the emergence of altcoins from 2011 onwards; the launch of Ethereum in 2015. They summon this Layer 1 — the foundational plane — with the economic function of value creation and the technical one of ensuring the basic functionality of accounting and transfer of crypto assets. complete of this is implemented on the basis of distributed registries and with the conditions of interaction strictly regulated at the code level.
It would look that, finally, technology appeared that would enable us to create, digitize, and transmit value, just as they create and transmit information on the classic Internet, without the mediation and restrictions of a third party. But mass adoption remains unrealized. And the challenge is not only that of inertia; very few people in the world occupy yet realized the significance of this innovation. The problem lies primarily in limitations of a purely technological nature, chief among them being:
1. Limited scalability and effectiveness of basic crypto-ecosystems, and as a result:
low network throughput
low transaction speed
2. Constantly growing necessity for memory, for local storage of copies of distributed registries.
3. elevated transfer fees (the expense of consensus will always live higher than the cost of confirmation in non-distributed databases).
Of course, some blockchain systems are trying to resolve these problems. Some even do. But their efforts repose mainly with reducing decentralization and lowering resistance to censorship (which is more suitable for enterprise solutions than for the universal Internet of Value). Furthermore, these efforts are isolated to individual projects, without providing an concede to the shared problems of the main ecosystems: Bitcoin, Ethereum, and others.
So here, they visage at least one additional challenge, namely:
4. The absence or extreme limitation of interoperability — the impossibility of interaction between different blockchain-ecosystems.
All four of these restrictions relate to the problems of Layer 1. The problems of the first group (1–3) are already being addressed both by the developers of individual blockchains and ecosystems, as well as by special projects; the broad goal is to create some benevolent of overlay over celebrated blockchain systems. Examples might comprehend projects such as Lightning for the Bitcoin ecosystem or Raiden for Ethereum. Therefore, solutions that address the problems of the first group are referred to as the so-called Layer 2.
Layer 2 is actually an off-chain superstructure above the baseline (Layer 1), designed primarily to resolve problem number 1 — scalability. Most proposed solutions involve situation channels or side chains. The major benefits comprehend increased productivity and reliability.
Layer 2 projects such as Lightning Network, Raiden Network, Trinity Network (payment channels), as well as the Celer Network and Counterfactual (generalized situation channels), which belong to situation channel projects. Meanwhile, Plasma, RSK, and Liquid exercise side chains to resolve the problem of scalability for basic blockchain systems.
But, as they discussed above, not a bit of them solves their problem number 4 — the problem of interoperability. And although projects such as LN and Raiden situation that they will in the future, that’s quite a challenge for any project focused on a specific DLT. The fact is that the provision of atomic untrusted transactions between two different blockchains is an extremely difficult assignment due to differences in technological approaches and the misalignment between project schedules.But Why Is This Such a grave Problem?
Let’s try to imagine a physical world without interoperability, using some historical examples. In the 19th century, the United States experienced a boom in railway construction. Several great companies were engaged in the construction and evolution of a network of railways. But imagine the consequences if each of these companies had built a railroad to their own standards that was incompatible with the others? Different track gauges, different rail shapes, etc. Perhaps one of these hypothetical widths or shapes would live more optimal than that used today, or some of these standards would live better suited for specific tasks. However, each company would occupy to forge its own line to each point, while producing part cars and locomotives compatible with its proprietary standards and so on. Instead of one universal railway station in each village, they would occupy to build several different ones for each of the incompatible railway networks.
What Do you deem would befall in this case? Would the railroad soundless occupy become an essential conduit for the evolution of unusual territories, the improvement of economic ties between regions, etc.?
In other words, how would a lack of interoperability occupy affected the adoption of this technology?
Some developers of Layer 2 solutions situation that they arrangement to resolve the problem of interoperability in the future. But today, nevertheless, they continue to ameliorate their projects by focusing on a particular blockchain; at best, this would live on compatible blockchains (for example, Bitcoin forks, or smart compress projects similar to Ethereum, etc.)
On the other hand, should Layer 2 projects even try to resolve the problem of interoperability? In their opinion, this problem belongs to a different level; namely, Layer 3. And this means that it’s better to resolve it separately and with the attend of more specialized approaches.
It might live preempt to draw an analogy here with the evolution of the Internet itself. The Internet has its own technological layers, each of which performs a specific function:
Link layer: various technologies and data transfer protocols between devices on the local network, for example, Ethernet, Wi-Fi, PPP, HDLC, etc.
Network layer: protocols that transfer data over a wide belt network.
Transport layer: protocols liable for the complete delivery of data, etc.
The peculiarity of the Network layer is that it is as abstract as viable from lower-level protocol technologies. Its assignment is to ensure the possibility of global data transmission, or, in their terms, to ensure interoperability for various devices and local belt networks (LANs), binding complete of them into a separate global network (the Internet).
A similar main task, in their opinion, should live accomplished by projects of the Layer 3 level: ensuring interoperability and functioning of part blockchain-ecosystems in a separate global Internet of Value. The main characteristics that should live inherent to projects of the Layer 3 plane are:
Should live based on off-chain technologies.
To live blockchain-agnostic, i.e. not live tied to a particular blockchain-ecosystem.
To provide the possibility of trustless multi-asset transactions, i.e. allow effortless exchange of one crypto-asset for another in the process of making a payment.
To ensure payments’ atomicity.
As for atomicity, they should recrudesce to the analogy using the conventional Internet. It transpires that the Transport layer is in pervade of the analog of atomicity: it’s rendered into a part technological layer there. A similar situation of affairs will eventuate in the case of the Internet of Value and will only live known with time. Meanwhile, this problem should live tackled one pass or another.
In general, precisely because of the characteristics discussed above, Layer 3 technologies are not restricted to ensuring interoperability and combining individual blockchain systems into a separate global network. They can furthermore connect traditional pecuniary systems and physical assets, or other non-blockchain value carriers. Just as the Network layer in the conventional Internet abstracts from specific low-level data transfer technologies and ensures their global interaction, Layer 3 technologies on the Internet of Value can provide interoperability and global value transfer, regardless of where this value comes from or what its basic carrier is.
Furthermore, Layer 3 technologies on the Internet of Value can become the basis for the functioning of the following practical solutions and services:
Decentralized cross-chain exchanges (Cross-chain DEX)
Cross-border Payments (“Crypto VISA”)
Solutions in the domain of Internet of Things (IoT), and others.
However, the most significant benefits will current from the network consequence of the Internet of Values. Each unusual service and each unusual participant attracted by this service will enlarge the value of the entire Internet of Value network for complete participants, including the various DLT projects.
Imagine if someone in the 1970s, exposed to only a few local belt networks, were asked to relate a global Internet of the future — one that would allow half of the world’s population to instantly participate any information. Imagine if they were asked to call how this would move the economic, professional, and sociable life of people. In the 1970s, it would live very difficult to call what is now commonplace to us.
Similarly, at their present stage of evolution, it is very difficult to imagine where a similar evolution — what they summon the Internet of Value — will lead us.
It’s likely that, at some point in the future, the basic DLT technologies (Layer 1) will fulfill the main function of the carrier of value, a benevolent of custodianship of specialized value. Developers will focus primarily on the thorough implementation of these basic and natural functions.
Meanwhile, the logistical functions for value transfer will live folded into the superstructures of the technological levels — Layer 2, 3, 4. Their assignment will live to resolve a particular plane of problems such as scalability, interoperability, and atomicity. Being separated into part levels of technology, they will live able to act beyond the limitations of lower-level technologies.
This is especially loyal for interoperability. After all, a given blockchain-ecosystem, whatever it may be, is unlikely in itself to become what they could summon the Internet of Value, just as Wi-Fi could not become the internet. But complete of them working together can. However, this will befall only in the event of the emergence of a Layer 3 technology, which can ensure their interoperability.
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