According to ZDNet, the Internet was slow yesterday because some equipment that handles how traffic moves around it could not handle how big it has become. Unfortunately, unless equipment is upgraded, these kind of interruptions may become the norm.
Cisco also warned its customers in May that this BGP problem was coming and that, in particular, a number of routers and networking products would be affected. There are workarounds, and, of course the equipment could have been replaced. But, in all too many cases this was not done.
Still, it could have been far worse. Instead of sporadic Internet problems we could have seen entire swathes of the Internet go out of service for hours at a time.
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