Network topology is the arrangement of the various elements (links, nodes, etc.) of a computer or biological network. Essentially, it is the topological structure of a network, and may be depicted physically or logically.
Physical topology refers to the placement of the network's various components, including device location and cable installation.
Logical topology shows how data flows within a network, regardless of its physical design. Distances between nodes, physical interconnections, transmission rates, and/or signal types may differ between two networks, yet their topologies may be identical.
Really nice post on Network Topology, Types of Network topology
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