Named licenses are designed for use by specific individual users, assuring dedicated access to the license for just that person. Named licenses are ideal for individual users or for teams where the license can be assigned to a specific user to assure dedicated access for this user.
Floating licenses are designed to be used by teams, where a pool of licenses can be used by any user on a first-come, first-served basis. Floating licenses do not need to be assigned to a user and are ideal for teams with varying usage of the product.
With Cloud Licensing, both license types require users to sign in with their Chaos account to obtain a license.
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