Explain Elastic IP addresses in AWS.

An Elastic IP address is a static IPv4 address designed for dynamic cloud computing. By using an Elastic IP address, you can mask the failure of an instance or software by rapidly remapping the address to another instance in your account. An Elastic IP address is allocated to your AWS account and is yours until you release it.

An Elastic IP address is a public IPv4 address, which is reachable from the internet.

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