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The address assigned by DHCP is rented for a certain period of time and then return to the pool for reuse.
DHCP is usually used to end user equipment. Static addressing is used for network equipment, such as gateways, switches, servers and printer.
DHCPv6 (DHCP for IPv6) provides similar services for IPv6 clients.
DHCP works in a client/server mode and operates like any other client/server relationship.