MIPS Architecture is a type of computer architecture that uses a Reduced Instruction Set Computing (RISC) design. This means it has a small set of simple instructions that can be executed quickly, allowing for efficient processing. MIPS is widely used in embedded systems, such as routers and gaming consoles, due to its simplicity and performance. Developed in the 1980s by MIPS Computer Systems, MIPS Architecture has influenced many other architectures and is known for its scalability. It supports various data types and has a straightforward pipeline structure, which helps improve the speed of instruction execution.