The Ethernet specification served as the basis for the IEEE 802.3 standard, which specifies the physical and lower software layers. Ethernet uses a bus or star topology and supports data transfer rates of 10 Mbps. Ethernet uses the CSMA/CD (Carrier Sense Multiple Access/Collision Detection) access method to handle simultaneous demands. It is one of the most widely implemented LAN standards. 

A newer version of Ethernet, called 100Base-T or (Fast Ethernet), supports data transfer rates of 100 Mbps. And the newest version, Gigabit Ethernet supports data rates of 1 gigabit (1,000 megabits) per second. 

Ethernet is a LAN (local area network) architecture developed by Xerox Corporation in cooperation with Intel and DEC in 1976. 

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