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(April 2010). A virtual IP address (VIP or VIPA) is an IP address that doesn't correspond to an actual physical network interface (port). Uses for VIPs include Network Address Translation (especially, One-to-many NAT), fault-tolerance, and mobility.
Versatile Interface Processors (VIPs): VIPs are versatile, meaning that they can contain two different interfaces. Thus, unlike the Legacy Interface Processor, the VIP can contain a Token Ring and Ethernet interface on the same Interface Processor.onsult the product documentation listed below to verify that the combination is supported before you attempt to implement it. For the VIP2 Series, see the VIP2 and Port Adapter Compatibility section of Second-Generation Versatile Interface Processor (VIP2) Installation and Configuration.