Final answer:
The EUI-64 standard is used to generate an IPv6 address based on the MAC address of a device. It involves dividing the MAC address, modifying the first half, and combining it with the network prefix.
Step-by-step explanation:
The EUI-64 standard is used to generate an IPv6 address based on the MAC address of a device. The MAC address is a unique identifier assigned to each network interface card. To create an IPv6 address using the EUI-64 standard, the MAC address is divided into two halves. The first half is modified by inserting 'FFFE' in the middle, and the second half remains unchanged. Finally, the seventh bit in the first half is inverted. This process results in a 64-bit interface identifier that is combined with the network prefix to form a complete IPv6 address.