When Redis server starts, it reads the configuration file to find the 'bind' address and 'port' number. The 'bind' setting tells Redis which IP address to listen on. For example, if 'bind' is set to 127.0.0.1, Redis listens only on the local machine, so only clients on the same computer can connect. The 'port' setting tells Redis which port number to listen on, usually 6379. If 'bind' is not set, Redis listens on all network interfaces, allowing connections from any IP address. After reading these settings, Redis listens on the specified IP and port, accepts client connections, and serves requests. This process continues until the server is stopped.