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Dynamic Host Configuration Protocol (DHCP) is a network management protocol used to dynamically assign IP addresses and other network configuration parameters to devices on a network. DHCP operates on the client-server model, where DHCP servers are responsible for leasing IP addresses to client devices for a limited period of time. This protocol eliminates the need for manual configuration of IP addresses, allowing for efficient management of IP resources in large-scale networks. DHCP servers also provide additional configuration information, such as subnet mask, default gateway, DNS server addresses, and domain name, to enable seamless communication and connectivity within the network. DHCP ensures flexibility, scalability, and ease of administration in network environments by automating the process of IP address allocation and configuration.