QUIC is a new transport protocol developed by Google that aims to solve issues with TCP and TLS by multiplexing streams over UDP. It includes features like stream multiplexing, connection migration, 0-RTT connection establishment, and forward error correction. The document provides technical details on QUIC including its version history, wire format specifications, frame types, cryptographic handshake process, and examples of 0-RTT, 1-RTT, and 2-RTT connection establishment.