RIP - Routing Information Protocol

The RIP(Routing Information Protocol) is dynamic protocol. It is classified under IGP(Interior gateway protocol). It is one of very famous protocol used in application layer. The RIP consist of Ver1 and ver2 in it. The Ver 1 supports various features like classless networks and Ver 2 supports classfull networks. It is advance technique of OSPF(Open Short Path First). The RIPng(RIP next generation)  been introduced for supporting IP v6.

DHCP - Dynamic Host Configuration Protocol

The Dynamic Host Configuration Protocol (DHCP) is an auto configuration protocol used on IP Networks. This protocol is used to configure automatically IP address for both IP v4 and IP v6. This protocol helps network administrator to assign IP address for any  N number of systems the organization may contains. But DHCP servers are more costly hence small scale business organization cannot afford easily.