Routing Information Protocol (RIP) is a dynamic routing protocol used in computer networks to determine the best path for data transmission. It operates using the distance-vector routing algorithm, where routers exchange routing tables periodically to update network paths. RIP is commonly used in small to medium-sized networks and supports both IPv4 (RIPv1, RIPv2) and IPv6 (RIPng). Although simple and easy to configure, RIP has limitations such as a maximum hop count of 15, making it less suitable for large networks. Explore more about RIP, its working, advantages, and limitations in networking!