One important difference in how libraries work: the address pointer isn’t stored as mutable…
Dave Hoover
11

Indeed. The advantages of using a library over a contract is in its properties of a singleton, e.g. when you upgrade it, you upgrade only 1 instance. For the contracts that use it, will need to be upgraded themselves to include a link to the new library.
In addition, it helps keep gas costs low as only a reference to it is stored in the referring contract.

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