Preamble

In this article, I discuss the NOIA Network and their solution to making the internet quicker, more efficient, and giving users an opportunity to earn a passive income through the use of their idle computing resources.

NOIA have already launched their testnet, and are inviting anyone interested in their solution and project to create an account and to start contributing your idle computing resources to the testnet.

I'll discuss the benefits of contributing your computing resources to the NOIA Network during this article.

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Our internet speeds could be a lot better

In a world where our advances in technology are rapidly progressing, our global internet infrastructure is largely fragmented and often lacks integrity.

Our internet speeds vary drastically across the globe, and some developed nations actually have internet speeds that are slower than some developing nations.

And these greatly differing internet speeds are largely the reasons as to why data transfers between distant locations can be incredibly slow and inefficient. To many, these problems don't seem like a significant issue. But for website operators who want to deliver content to global audiences, varying internet speeds can be a significant issue. Especially where that content is resource intensive, such as video and live streaming content, which is becoming more and more common in these modern times.

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Content Delivery Networks

Content delivery networks (CDNs) were created to help alleviate these data transfer problems.

In 2016, the CDN market was valued at USD $6 billion. BY 2022, CDNs, and similar products, is projected to grow to a market size of USD $31 billion. This is a big industry, and ripe for disruption.

This presents an interesting problem however. The global internet infrastructure is not developing fast enough to manage the ever growing demand.

Video content creation, online gaming, Virtual Reality technologies, and streaming of video and gaming content are growing at fantastic rates and shows no sign of slowing down. So it's plainly obvious that our rate of infrastructure development will be hard pressed to keep up with the continually growing demand for our ever more resource intensive content preferences.

Source

There's also a few problems with relying solely on CDN infrastructure for content distribution:

• CDNs are highly centralised - therefore open for control and manipulation.
• Where their distribution is limited, their benefits for content delivery is limited.
• The current CDN market is dominated by Akamai and Amazon. Therefore the cost to access these services is decided by only 2 key players in the market.
• The infrastructure required, using current technologies, to improve the distribution of bandwidth intensive content worldwide is incredibly expensive. This will likely slow technological developments in this area greatly unless an innovative solution is developed.

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The NOIA Solution

When looking at the problem described above, the team behind the NOIA Network recognised that the available bandwidth capacities per household continue to increase rapidly, creating a large volume of idle bandwidth across the globe.

This idle bandwidth presents a fantastic opportunity to address the shortfall in available bandwidth globally, and the high level of centralisation in current networks.

Every computer that is connected to the internet already forms the backbone of the internet, however these computers typically only consume data, rather than streaming data to other users.

As stated in the NOIA white paper:

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Posted from my blog with SteemPress : https://cryptonbrews.xopus.io/2018/08/29/noia-network-faster-internet-for-us-plus-a-passive-income-for-you/

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