|  |  |  |  |  |  |  |  |  | 
   
    | Circuit
    switched connections: 
 |  | 
   
    |  | 
   
    |  | After initial
    setup no processing in network nodes 
 | 
   
    |  | 
   
    |  | Fixed bit
    rates, fixed time delay 
 |  | 
   
    |  | 
   
    | Packet
    switched connections: 
 |  | 
   
    |  | 
   
    |  | Flexible
    bandwidth allocation due to statistical 
 |  | 
   
    |  | multiplexing,
    varying time delay 
 |  | 
   
    |  | 
   
    |  | Complex
    processing in network nodes 
 |  | 
   
    |  | 
   
    | ATM is based
    on virtual connections: 
 |  | 
   
    |  | 
   
    |  | Minimal node
    processing, statistical multiplexing 
 |  |