On the 82586 chip, exponential backoff is implemented with three circuits: a 10-bit counter to generate a pseudorandom number, a 10-bit mask register to select an (exponentially scaled) part of the counter, and a delay counter to loop that many times before trying again. 5/14
Each bit is implemented with a "dynamic latch". When the clock is high, the pass transistor turns on, connecting the two transistors in a stable loop, holding the bit. When the clock is low, the transistor capacitance holds the value (like DRAM)A or a new value can be input. 6/14