An IP Core (Intellectual Property Core) is a library module with logic clouds, registers, and connections between them.
An IP Core is usually based on a patented invention or a revolutionary technology. In the first case, the patent discloses the novelty and the key elements of the technology within the IP Core, while in the second case, all the features of the algorithms underlying the IP Core are known only to the company developing the IP Core. IP Core technology enables the licensing of patented inventions as a turnkey solution that the customer can immediately evaluate before making a final purchase decision. Licensing can be on a per-device basis or without quantitative restrictions.