What is net neutrality and why is it important?

Net neutrality is a term that not many people are familiar with.

It is the result of the set of rules approved by the Federal Communications Commission in 2010.

It allows for open internet, which means all users and companies have equal access.

A ruling by the Federal Court of Appeals on Tuesday might change the internet that we know now.

The court ruled the FCC does not have the right to enforce net neutrality.

This means internet service providers might be able to pick and choose the type of access they give to certain websites or users.

They could charge websites for fast internet, which means consumers will end up paying more for the service.

The National Cable and Telecommunications Association said in a statement, "the cable industry has always embraced the principles of an open internet and the court decision will not change that. Consumers have always been entitled to enjoy the legal web content of their choosing and they will continue to do so. An open internet is good for our customers, and good for our business."

Juan Estrada, a small business owner, said paying more for internet is not an option.

"If we have to pay more for the internet [than] we pay right now, there's no way us small business owners can keep on paying what we pay," Estrada said. "It would knock us out of the water."

At this point, there is no definite answer for what will happen from here. The FCC might attempt to rewrite the regulations or appeal the Court's decision.