It's protocol underlying ethernet. You transmit a packet without checking to see if line is in use, detect collisions
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Older protocols passed "tokens" around to determine which node could transmit, like a talking stick.
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Ethernet is like when people all try to talk at once, and shut up if there's collision, and try again a little later.
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so your attempt at talking "crashes" and recovers. It's not fail-safe.
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yes, it's more efficient under "normal" statistical conditions. Under unusual traffic conditions it can be worse
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