10BASE2 (also known as cheapernet, thin Ethernet, thinnet, and thinwire) is a variant of Ethernet that uses thin coaxial cable terminated with BNC connectors to build a local area network. Standardized in 1984, it was the dominant 10 Mbit/s Ethernet standard during the mid to late 1980s.
The use of twisted pair networks competed with 10BASE2's use of a single coaxial cable. In 1988, Ethernet over twisted pair was introduced, running at the same speed of 10 Mbit/s. In 1995, the Fast Ethernet standard upgraded the speed to 100 Mbit/s, and no such speed improvement was ever made for thinnet. By 2001, prices for Fast Ethernet cards had fallen to under $50. By 2003, Wi-Fi networking equipment was widely available and affordable.