Every industry has its own never-ending list of buzzwords, and the telecom sector is no different. Voice over Internet Protocol, or simply VoIP, is the hottest topic in communications right now. Sure, the technology sounds complicated, but the fundamentals are easy enough: convert analog telephone conversations into digital media streams for transport across a network, which is commonly the Internet. The benefits are enormous for both consumers and corporations, as the Internet has remained largely unregulated, unlike the traditional telecom services.