2 wire sensors use a reference voltage, usually 5v+ and the return wire
sends the modified voltage back to the computer as input.
Single wire sensors just send an Ohm value to the computer as input,
the end result is the same, just the method is different.
As a side note, those "performance chips" for the Suzuki engines,
is a resistor that lies to the computer by changing the Ohm value
that the computer is reading.
I suppose sensors, over time, could loose accuracy and cause a
vehicle to run poorly, the only way to know would be to first heat
to 200* and then cool to 30* and read the Ohm values from each
temp extreme, then compare to the values a new sensor is supposed
to have.
Wild