The Universal Serial Bus standard has come a long way since its introduction in 1996. Backed by a consortium of companies led by Intel , Compaq and Microsoft, it offered some unheard-of features for its time, including the ability to connect peripherals without turning off the computer first and to draw power without a separate AC connection. The standard became popular with the arrival of version 1.1 in late 1998, allowing a maximum transfer rate of 12Mb/s, and as we can witness nowadays just about any device comes standard with 'Hi-Speed' USB 2.0 connectivity.