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RFC 1122 refers to 0.0.0.0 using the notation {0,0}. It prohibits this as a destination address in IPv4 and only allows it as a source address under specific circumstances. A host may use 0.0.0.0 as its own source address in IP when it has not yet been assigned an address, such as when sending the initial DHCPDISCOVER packet when using DHCP .
In computer networking, localhost is a hostname that refers to the current computer used to access it. The name localhost is reserved for loopback purposes. [1] It is used to access the network services that are running on the host via the loopback network interface.