A Physical address is a 48-bit flat address burned into the ROM of the NIC card which is a Layer1 device of the OSI model. This iis divided into 24-bit vendor code and 24-bit serial address. This is unique for each system and cannot be changed. In computing, a physical address, also real address, or binary address, is the memory address that is represented in the form of a binary number on the address bus circuitry in order to enable the data bus to access a particular storage cell of main memory.
In a computer with virtual memory, the term physical address is used mostly to differentiate from a virtual address. In particular, in computers utilizing memory management unit (MMU) to translate memory addresses, the virtual and physical addresses refer to an address before and after MMU translation respectively.
In computer networking, physical address is sometimes a synonym of MAC address. The address is actually used on the network's data link layer, not on the physical layer, as the name would suggest.
A Logical address is a 32- bit address assigned to each system in a network. This works in Layer-3 of OSI Model. This would be generally the IP address.
In computing, a logical address is the address at which an item (memory cell, storage element, network host) appears to reside from the perspective of an executing application program.
A logical address may be different from the physical address due to the operation of an address translator or mapping function. Such mapping functions may be, in the case of a computer memory architecture, a memory management unit (MMU) between the CPU and the memory bus, or an address translation layer, e.g., the Data Link Layer, between the hardware and the internetworking protocols (Internet Protocol) in a computer networking system.