One of the main challenges in networking today is speeding up the rate of data transmissions, an issue of increasing importance as the dependence on computer communications like e-mail and file transfer continues to grow. Gigabit networking has the capability to move data up to 100 times faster than existing networks can handle. This technology opens up the possibility of new computer applications like distributed multimedia conferencing (voice, video and graphics). There has been considerable research done on this technology and the implementations are starting to emerge from many companies, such as AT&T. The telephone companies refer to their version of gigabit network as Broadband Networking, or B-ISDN. This work details how to implement a gigabit system; outlines the challenges that existing systems have faced; and explains the current status of standardization by IEEE, CCITT and other standards bodies.