MIT is selling half of its 16 million valuable IPv4 addresses – an increasingly scarce stash it has held since the birth of the Internet. MIT says it will use the proceeds of the sale to finance its own IPv6 network upgrades and “support activities focused on the future of the Internet and the global cyber-infrastructure.”
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John Curran, CEO of the American Registry for Internet Numbers (ARIN), told attendees at the Campus Technology conference in Boston on Wednesday that the IP address authority’s pool of IPv4 addresses has dwindled to 90,000 and will be exhausted in about two weeks.
“This is a pretty dramatic issue,” says Curran, who founded ARIN in 1997 and was once CTO of Internet pioneer BBN.
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The addition of a leap second to world clocks on Wednesday caused some networks to crash although most quickly recovered.
Some 2,000 networks stopped working just after midnight Coordinated Universal Time (UTC), said Doug Madory, director of Internet analysis with Dyn, a company that studies global Internet traffic flows.
A leap second is added every few years to keep UTC synced with solar time. The difference between the two widens due to the slowing of the Earth’s rotation. Since 1971, 26 leap seconds have been added to clocks.
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