Hi ONisarg,
If you choose the option “Obtain the IP address automatically”, then you are choosing the Dynamic IP address and on the other hand, when you choose to enter it manually, then you are choosing Static IP address
for the computer.
As the name implies, Dynamic IP addresses are temporary IP addresses which changes each time the computer access the Internet whereas, the Static IP address does not change over time unless it is changed manually by the
user.
The dynamic addresses are actually borrowed from a pool of IP addresses that are shared among various computers and is very commonly used by most Internet Service Providers. Here, the automatic IP address assigning is done
by the Dynamic Host Configuration Protocol (DHCP). The Static IP address will be provided by your Internet Service Provider (ISP) and that will be the permanent for your computer, unless you change it in the future. This type of address is generally used for
the use of VOIP (Voice over Internet Protocol), online gaming, or any other purpose where users need to make it easy for other computers to locate and connect to them.
People may think that the Dynamic IP address is more secure than the Static, as it changes with each session on the network and it becomes difficult for the hackers to find the computer. In contrast, a static IP address
can become a security risk, because here the address is always the same and it is easier to track the computer for data mining purposes or someone who is really determined to find your computer and cause damage to it has a better chance of doing so or has
more time to work on getting past your security. But, according to me, the type of IP address assigned has nothing to do with the security of the computer when you have a good security program or a firewall installed on it.
So, no matter what you use - a Dynamic IP address or a Static IP address, following safe Internet practices and using a good and updated security program on the computer keep your computer secure and protected from the Internet
threats.
Hope this is helpful.