A network consists of devices called nodes that are connected by communication links. Most networks use distributed processing, where the task is divided among multiple computers rather than one large computer. A network must meet criteria like performance, reliability, and security. Performance is measured by factors like transit time, response time, throughput, and delay. Reliability looks at frequency of failures and recovery time. Security involves protecting data from unauthorized access and damage. Networks can have either point-to-point connections between two devices or multipoint connections where more than two devices share a single link.