The Internet has evolved from a “hierarchy” — in which interconnection was achieved by having Internet Service Providers (ISPs) purchase transit services from top-level backbones and top-level backbone providers engage in direct settlement-free peering — to a “mesh” in which peering...

The Internet has evolved from a “hierarchy”—in which interconnection was achieved by having Internet Service Providers (ISPs) purchase transit services from top-level backbones and top-level backbone providers engage in direct settlement-free peering—to a “mesh” in which peering...