BandZ - coined out from the word bandwidth, is a platform with its main aim of decentralizing the internet. it is a global p2p extranet(private network that uses internet protocol and is accessed by authorized individuals via the internet) with block chain soft wares built to provide service to users of #BandZ on its extranet as novice users would be graced with the ability to access the internet service at a considerable cost. #BandZ will also enable peers to provide services to each other thru the exchange of bandwidth in the form of payment, denominated in the #BandZ token.
When technology is centralized, it typically means that it is controlled and run by a single company, government, or individual. Decentralized technology on the other hand, is run by a network of participants that no one actor/person can control or shut down. Here are some benefits of decentralization:
- Users do not have to put trust in a central authority. We trust companies and governments with our information and money all the time, and it is completely ok to make these decisions on a case by case basis. But we see plenty of examples where this trust lets us down to varying degrees, ranging from the product that you trusted to backup all your photos getting shut down when the startup gets bought or goes out of business, to the social media company selling your data to advertisers who follow you around the internet. In a well-designed decentralized network, you should be able to reduce or eliminate the trust that you’re required to put into third parties.
- There is less likely to be a single point of failure. We see single points of failure all the time in the form of outages of centralized web sites. Gmail goes down and productivity halts as you can’t get your email. Your bank’s web site shuts down for maintenance and you can’t do an online transfer to pay your bills. In decentralized networks, no one node going down can take down the entire network, so no matter how many users come and go, your applications should remain up and running.
- There is less censorship. It is becoming increasingly common that governments shut down their citizens’ access to social media, as they attempt to censor reports of what is going on internally. It is easy for them to shut down access to Twitter, as all they have to do is stop traffic going to Twitter’s central servers. But it is far more difficult for them to censor traffic on a peer to peer network, in which every single outbound packet being sent could be communicating with another peer on the decentralized network, who can then forward that message along. Decentralized networks are more likely to be open development platforms. This means that anyone can build amazing tools, products, and services on top of decentralized networks.
Open and decentralized doesn’t mean that companies can’t make money. In fact, it means the opposite, as the more great products and tools that are built, the larger the network effects are locking users into the network, and therefore the more opportunities to build great businesses on top. The world wide web itself is a great example of an open network, in which many great businesses such as Amazon,aliexpress finds opportunities to grow enormously due to the network effects of all the great things being built on top of the network.
There is potential for network ownership alignment. This is the idea that the people who contribute value to a decentralized network receive ownership or economic stake in the network, that becomes more valuable as the network grows. This is one of the most exciting things that blockchain technology brings to decentralized networks, as it allows economics to be designed into the networks themselves, to create the right incentives for early participants to become powerhouse evangelists and value-contributing users. Contrast this to a centralized network where only the company controlling the network receives value as the network grows, and you can see why it’s exciting for users to participate in a decentralized network. - Decentralized networks can be more meritocratic. The best product, service, or content should be more likely to be recognized and rewarded over time when everyone is playing by the same, transparent rules. If traffic, attention,and economics are distributed
Mesh network or mesh topology definition is a topology of network which its nodes transmit data for the network. Each node cooperates in the relaying of data or information in the network. Mesh nets are groups of smart devices (phones, tablets, etc.) which connect to each other’s WiFi so that internet ranges and accessibility can be improved (cosmic nutshell, again).
Advantages
- A broken node won’t distract the transmission of data in a mesh network. Each node is connected to several other nodes which make it easier to relay data.
- A broken device will be ignored by the signals and will then find a new one that is connected with the node.
- Additional devices in a mesh topology will not affect its network connection. Hence it will improve the traffic in the network. Mesh topology makes a large data center that simulates useful information to its nodes.
- A mesh topology can handle high amount of network traffic since every additional device into the network is considered a node. Interconnected devices can simultaneously transfer data smoothly and will not complicate the network connection.
The intranet is an internal network that is limited for the use of organizations computers
Intranet is an internal network. It is used by companies to connect their computers on a network. Webopedia defines intranet as “a network based on TCP/IP protocols (an internet) belonging to an organization, usually a corporation, accessible only by the organization's members, employees, or others with authorization. An intranet's Web sites look and act just like any other Web sites, but the firewall surrounding an intranet fends off unauthorized access.” The intranet is based on TCP/IP protocols, however, it is inaccessible from the outside. Only the members of the corporation with authorized access may log on and access the network and the data on the network
Webopedia defines extranet as “a buzzword that refers to an intranet that is partially accessible to authorized outsiders. Whereas an intranet resides behind a firewall and is accessible only to people who are members of the same company or organization, an extranet provides various levels of accessibility to outsiders.
Vpns is a that allows users to securely access a private network and share data remotely through public networks much more like a firewall protects your data on the computer vpns protects it online
A vpns is created by establishing a virtual point to point connection through the use of dedicated connections, virtual tunneling protocols or traffic encryption
As at today the global VPN market is worth over $1 Billon USD and from statistics is expected to rise to over $106 Billon by 2022 via cumulative annual growth rate.
in the real sense virtually everybody who chooses to make use of Bandz Network would benefit from bandwidth exchange. The bandz network would allow users to use their devices to access the internet even outside the operational range of their service providers,yet they would still be tied to such service providers. These service providers do not then incur losses from their user base; a win-win situation.
The Mesh Network is utilized when addressing this. BandZ would provide nodes allowing users in such localities such as Africa connect to the internet which would enable these user enjoy high end Internet connection at lower and affordable costs.
Jimmy Travels
Jimmy needs to travel to Germany on a business trip for two weeks. While staying in Germany, he wants to take pictures of the beautiful surroundings and post them on Steemit! His mobile provider wants to charge him very expensive rates for data, while the free Wi-Fi spots are hard to find. Jimmy remembers about #BandZ! He connectsto the network and is now able to keep Steeming while buying bandwidth from the #BandZ network at fair local prices.
BandZ gets rid of roaming charges by extending the users range of access though mesh networking. Bandwidths markets then create a lower fixed cost of hardware therefore eliminating high costs and providing cheaper data services for end consumers
#BandZ #(BNZ) tokens are at the heart of the #BandZ network economy. They will be used to purchase and sell bandwidth, VPN and other services on the network
Shakil Muhammad - KAIST PhD student and former cyber security (CEO) with the Government of Pakistan; cryptocurrency exchange founder and serial entrepreneur
Antony Compton - Mathemacs graduate, Chartered Accountant and online Insurance Execuve @ InConnect and mulple startup founder (CFO)
Ivan Svirid - Mulple startup Founder and distributed systems developer (CTO)
Viktor Xhelilaj - Decentralized visionary and blockchain fund founder and Execuve Advisor @ QuickCheck Canada (COO)
Adnan Mujahid Khan, PhD -- Core Developer
Oksana Griyo, PhD -- Full Stack Developer
Tumennast, PhD -- Global Partnership
Rajakumar Arul, PhD -- Network Researcher
“bandz2018”