Explain the DHCP Protocol.
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DHCP stands for Dynamic Host Configuration Protocol. It is a standardized network protocol used on Internet Protocol (IP) networks. It is used to auto-configure devices on IP networks enabling them to use the TCP and UDP-based protocols. The DHCP servers automatically assign IP addresses to the network devices, reducing the errors caused by the manual allocation of IP addresses. DHCP is commonly used in networks ranging in size from small home networks to campus networks.