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SLIP, or Serial Line Interface Protocol, was developed during the early UNIX days and is used for remote access.
SLIP does not provide error detection as it relies on higher-layer protocols. Therefore, SLIP alone is not successful on an error-prone dial-up connection. However, it is still useful to test the operating system’s response capabilities under load (looking at ping flood statistics).
Interviewers often ask such networking interview questions, and you must prepare for such abbreviations.