Loop back address

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When i ping 127.0.0.1 and any address of 127 series(except 127.0.0.0 and 127.255.255.255),i am not finding any difference.Can anyone comment on this?

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Your computer is the 127.x.x.x network. regardless only you can ping it from your machine. Other machines will have to ping you machines address that either you have designated or retrieved from the DHCP server.