IOGear GWU523 - Manual (Page 30)

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In network with static IP addressing, the network
administrator manually assigns an IP address to
each computer. Once a static IP address is
assigned, a computer uses the same IP address
every time it reboots and logs on to the network.
You may manually change the IP address in the
Network Properties dialog box. Network using
static IP address is easy to set up and do not
require additional network management
software.
In network with dynamic IP addressing, a DHCP
server in the network dynamically assigns IP
addresses to all clients every time they log on to
the network. Network using dynamic IP address
requires setting up and running a DHCP Server.
IP Address