Manchester code

The Manchester code is a binary encoding which also encodes the clock signal. This is very useful, because an external clock signal is no longer needed. A sequence of bits modulates the phase of the signal. This is a form of Phase shift keying, often shortened to PSK.
Otherwise put, the information about the signal is in its signal flanks, that is when the signal changes.
Manchester codes are widely used, for example for Ethernet or for RFID. 
Representation.
There are two ways to represent a Manchester code:
To rule out ambiguities, Manchester codes use a "preamble". A preamble is a fixed sequence that is known beforehand.
Advantages and disadvantages.
One of the advantages of Manchester code is that the DC component of the signal carries no information. This makes it possible that standards that usually do not carry power can transmit this information. One of the drawbacks of the encoding is that it needs more bandwidth than other encodings, such as NRZ.