The definition of FireWire

An incredibly fast type of serial port that offers many of the best features of SCSI at a lower price. Faster than most types of parallel port, a single FireWire port is capable of chaining many devices without the need of a terminator. FireWire is similar in many respects to USB but is significantly faster and somewhat more expensive. It is heavily used for connecting audio/video devices to computers, but is also used for connecting storage devices like drives and other assorted devices like printers and scanners.