Explanation
SUBNETS
Subdivisions you define in a VCN (for example, 10.0.0.0/24 and 10.0.1.0/24). Subnets contain virtual network interface cards (VNICs), which attach to instances. Each subnet consists of a contiguous range of IP addresses that do not overlap with other subnets in the VCN. You can designate a subnet to exist either in a single availability domain or across an entire region (regional subnets are recommended). Subnets act as a unit of configuration within the VCN: All VNICs in a given subnet use the same route table, security lists, and DHCP options (see the definitions that follow). You can designate a subnet as either public or private when you create it. Private means VNICs in the subnet can't have public IP addresses. Public means VNICs in the subnet can have public IP addresses at your discretion. See Access to the Internet.
https://docs.cloud.oracle.com/en-us/iaas/Content/Network/Concepts/overview.htm