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In addition to reducing the number of IPv4 addresses needed, NAT also provides a layer of obscurity for the private network, because all hosts outside of the private network observe communication through the one shared IP address. NAT is not the same thing as a firewall or a proxy server, but it does contribute to security. NAT also succeeds in the ease and flexibility of network administration. It can divide a large network into several smaller ones by exposing only one IP address to the outside, which means that computers can be added, removed, or have their addresses changed without impacting external networks...
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