UDP stands for User Datagram Protocol. It is a connectionless protocol which is used to send data in the form of datagrams between computers or devices in a network. UDP does not guarantee the delivery of data as it does not establish a connection with the recipient before sending data. It is typically used for applications where a small amount of data loss is acceptable, such as real-time streaming, video conferencing, and gaming. UDP is faster and more efficient than TCP, but also less reliable.