Exodus BeTT (Blockchain encrypted Transport Technologies)
Described is Blockchain-encrypted-Transport (BeT) networking architecture.
BeT connects geographically dispersed Layer 2 (L2) islands over any available infrastructure, including the public Internet. BaaT securely supports all kinds of network traffic including; Unicast, Multicast, and Broadcast.
BeT leverages blockchain to create an architecture that can connect geographically dispersed Layer 2 (L2) islands over any available infrastructure, including the public Internet. Though connecting L2 islands is not new. There are several popular solutions that fall under the “Overlay Networking Technologies” umbrella such as:
• Virtual Extensible LAN (VXLAN)
• Network Virtualization using Generic Routing Encapsulation (NVGRE)
• Overlay Transport Virtualization (OTV)
• Virtual Private LAN Service (VPLS)
• IEEE 802.1ah Provider Backbone Bridge (PBB)
Each involves encapsulating L2 frames within other headers either at L2 or L3, and each comes with its own pros and cons such as distance limitations, scaling problems, and management complications. BeT solves many of the disadvantages of other overlays by integrating blockchain with VXLAN. VXLAN was originally drafted as an overlay technology that can work without a control plane. It has proven to be an overlay of choice, but its scope is normally limited to a single data center or cloud.
BeT greatly enhances the operation of VXLAN by adding a control plane component to it and extending the VXLAN working domain beyond the boundary of a local data center or even a public cloud. BaaT operation across the public Internet is appealing as a viable WAN option for many network operators such as enterprises, service providers, and telcos in front of conventional, expensive WAN options such as dedicated links, MPLS, or Virtual Private Networks (VPNs).
BeT is useful for any critical high-frequency trading application as described above. These applications require many events and transactions to be recorded over the Blockchain while at the same time ensuring maximum stability, scalability, security, and requiring the fastest convergence time.