SLIP is a TCP/IP protocol used for communication between two machines that are previously configured for communication with each other. For example, your Internet server provider may provide you with a SLIP connection so that the provider's server can respond to your requests, pass them on to the Internet, and forward your requested Internet responses back to you. Your dial-up connection to the server is typically on a slower serial line rather than on the parallel or multiplex lines such as a line of the network you are hooking up to.
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A better service is provided by the Point-to-Point Protocol (PPP).