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A network device that forwards traffic based on layer 3 information at very high speeds. Traditionally, routers, which inspect layer 3, were considerably slower than layer 2 switches. In order to increase routing speeds, many "cut-through" techniques were used, which perform an "inspect the first packet at layer 3 and send the rest at layer 2" type of processing. Ipsilon's IP Switch and Cabletron's SecureFast switches were pioneers in cut-through switching.

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Different between layer2 switch and multilayer switch

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Q: Difference between layer2 and layer3 switch?
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