What is the difference between a static IP address and a dynamic IP address?

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What is the difference between a static IP address and a dynamic IP address?

A static IP address is a fixed address assigned to a device or network that remains constant and does not change. It is manually configured and typically used for servers, websites, or devices that require a consistent and permanent address.

On the other hand, a dynamic IP address is an address that is assigned to a device or network by a DHCP (Dynamic Host Configuration Protocol) server. It is temporary and subject to change each time the device connects to the network. Dynamic IP addresses are commonly used by home users or small businesses as they are more cost-effective and allow for efficient use of limited IP address resources.