what is elastic IP?

Elastic IP (EIP) is a static public IPv4 address provided by AWS that remains unchanged even when an EC2 instance is stopped and started.
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IP address is temporary mutable address which is assigned by Internet service provider.
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It is a temporary URL which is generated to give public access for few hours or minutes
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We need to take a backup of the data, during the 2min warning provided by AWS before interruption, else the data will be lost
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