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The IP is a specific IP address assigned by some manufacturers of routers as a default IP address in the hardware settings of their devices. This IP address gives access to a user into the internal settings of the router or modem. 

This private IP address, just like the well known, is used in most networks and small businesses, because an ISP typically assigns a unique IP address to a device which is used to connect to the internet. If you need more than one device to connect to the Internet, NAT (Network Address Translation) gateway is used to connect to the Internet.

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