I don't think your understanding is correct. The ENC28J60 datasheet says...Originally Posted by DynamoBen
- The ENC28J60 is a stand-alone Ethernet controller with an industry standard Serial Peripheral Interface (SPI™). It is designed to serve as an Ethernet network interface for any controller equipped with SPI.
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With the ENC28J60, two pulse transformers and a few passive components are all that is required to connect a microcontroller to a 10 Mbps Ethernet network.




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