Token ring uses a ring topology between MAUs (Media Access Units) and drop links break into the ring through a relay. They run at 4Mhz or 16Mhz.
It differs from ethernet in a number of ways, the 802 frame is slightly different, it can contain routing information in the header, you don't get collisions and you can tell if a station received the packet as it flips a bit in the packet as it continues round the ring.
No, that's 10Mhz thin ethernet, aka 10Base-2.