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Can I use PSPacer as an intermediate network box which regulates bandwidth of through traffic?

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Can I use PSPacer as an intermediate network box which regulates bandwidth of through traffic?

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Here we call a Linux PC on which a PSPacer installed a PSP box. The example below uses a PSP box to smooth traffic from LAN (1Gbps) to WAN (100Mbps, 20ms).

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