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While none of these organizations “owns” the Internet together these companies decide how it works, and recognized rules and standards that everyone remains. Contracts and legal framework that underlies all that’s happening to ascertain how things work and what happens if something bad happens. To get a domain name, for example, one needs consent from a Registrar, which includes a contract with ICANN. To connect to the Internet, your ISP must be physical contracts with providers of Internet backbone services, and suppliers have contracts with IXPs from the Internet backbone to connect to and with her. Concern over security problems? A working group is formed to work on the issue and the alternative developed and deployed is in the interest of most parties. If the Internet is down, you have someone to phone to get it fixed. If the difficulty is from your ISP, they in turn have contracts set up and service level agreements, which govern the way in which these problems are worked out.

The benefit of cryptocurrency is that it uses blockchain technology. The network of nodes the make up the blockchain isn’t regulated by any centered business. No one can tell the miners to upgrade, speed up, slow down, stop or do anything. And that’s something that as a dedicated advocate badge of honor, and is identical to the way the Internet functions. But as you comprehend now, public Internet governance, normalities and rules that govern how it works present built-in difficulties to the user. Blockchain technology has none of that. Ethereum is an incredible cryptocurrency platform, yet, if growth is too quickly, there may be some issues. If the platform is adopted fast, Ethereum requests could grow dramatically, and at a rate that exceeds the rate with which the miners can create new coins. Under such a scenario, the whole platform of Ethereum could become destabilized due to the increasing costs of running distributed applications. In turn, this could dampen interest Ethereum platform and ether. Instability of demand for ether may result in a negative change in the economic parameters of an Ethereum based company that may result in company being unable to continue to run or to stop operation.

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