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It is basically media gateway control protocol which is basically used for voip application and also it is a part of NGN.

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Posted by HamidAliKhan

It is media controller gateway protocol which are used in Call Manager case for VoIP

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Posted by mrleo99098

MGCP assumes a connection model where the basic constructs are endpoints and connections. Endpoints are sources and/or sinks of data and can be physical or virtual. Creation of physical endpoints requires hardware installation, while creation of virtual endpoints can be done by software.
From:http://www.javvin.com/protocolMGCP.html

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Posted by sagitraz