How does the WPA Temporal Key Integrity Protocol encryption technology operate?

What will be an ideal response?

TKIP functions as a "wrapper" around WEP by adding an additional layer of security but preserving WEP's basic functionality. TKIP's enhancements are in three basic areas: the required key length is increased from 64 bits to 128 bits (making it harder to break), the IV is increased from 24 bits to 48 bits (effectively eliminating collisions), and a unique "base key" is created for each wireless device using a master key derived in the authentication process along with the sender's unique MAC address.