A network hub is a device used to connect devices in the network together. It is the center of network activities. It collects signals from the input line and redistributes them in various types of wires within the network topology. That topology can be 10base-T, 10base-F, Arcnet and so on. A network hub is particularly useful in shared networking from small to large size, where each network equipment and resources connect through hubs for redistribution of signals to allow data transfer and sharing of resources.
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eHow Article: About Computer Network Hubs