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What is an IP address?
An Internet Protocol address (IP address) is a numerical label
assigned to each device (e.g., computer, printer) participating
in a computer network that uses the Internet Protocol for
communication. An IP address serves two principal functions:
host or network interface identification and location
addressing. Its role has been characterized as follows: "A name
indicates what we seek. An address indicates where it is. A
route indicates how to get there." The designers of the
Internet Protocol defined an IP address as a 32-bit number
and this system, known as Internet Protocol Version 4 (IPv4), is
still in use today.
However, due to the enormous growth of the Internet and the predicted depletion of available addresses, a new addressing system (IPv6), using 128 bits for the address, was developed in 1995, standardized as RFC 2460 in 1998, and is being deployed worldwide since the mid-2000s. IP addresses are binary numbers, but they are usually stored in text files and displayed in human-readable notations, such as 172.16.254.1 (for IPv4), and 2001:db8:0:1234:0:567:8:1 (for IPv6).
(From Wikipedia, the free encyclopedia)