A hubbed Ethernet network behaves like a shared-medium, that is, only one device can successfully transmit at a time and each host remains responsible for collision detection and retransmission. With 10BASE-T and 100BASE-T links (which generally account for most or all of the ports on a hub) there are separate pairs for transmit and receive but they are used in half duplex mode in which they still effectively behave like shared medium links (See 10BASE-T for the pins specifications)
A network hub or repeater, is a fairly unsophisticated broadcast device. Hubs do not manage any of the traffic that comes through them, and any packet entering any port is broadcast out on every other port (other than the port of entry). Since every packet is being sent out through every other port, packet collisions result–which greatly impedes the smooth flow of traffic.
The need for hosts to be able to detect collisions limits the number of hubs and the total size of the network. For 10 Mbit/s networks, up to 5 segments (4 hubs) are allowed between any two end stations. For 100 Mbit/s networks, the limit is reduced to 3 segments (2 hubs) between any two end stations, and even that is only allowed if the hubs are of the low delay variety. Some hubs have special (and generally manufacturer specific) stack ports allowing them to be combined in a way that allows more hubs than simple chaining through Ethernet cables, but even so a large Fast Ethernet network is likely to require switches to avoid the chaining limits of hubs.
Most hubs detect typical problems, such as excessive collisions on individual ports, and partition the port, disconnecting it from the shared medium. Thus, hub-based Ethernet is generally more robust than coaxial cable-based Ethernet, where a misbehaving device can disable the entire segment. Even if not partitioned automatically, a hub makes troubleshooting easier because status lights can indicate the possible problem source or, as a last resort, devices can be disconnected from a hub one at a time much more easily than a coaxial cable. They also remove the need to troubleshoot faults on a huge cable with multiple taps.