IP Address

IP (short for Internet Protocol) specifies the technical format of packets and the addressing scheme for computers to communicate over a network. Most networks combine IP with a higher-level protocol called Transmission Control Protocol (TCP), which establishes a virtual connection between a destination and a source.

IP by itself can be compared to something like the postal system. It allows you to address a package and drop it in the system, but there's no direct link between you and the recipient. TCP/IP, on the other hand, establishes a connection between two hosts so that they can send messages back and forth for a period of time.

Internet Protocol Versions

There are currently two version of Internet Protocol (IP): IPv4 and a new version called IPv6. IPv6 is an evolutionary upgrade to the Internet Protocol. IPv6 will coexist with the older IPv4 for some time.

IPv4

IPv4 is the most widely deployed Internet protocol used to connect devices to the Internet. IPv4 uses a 32-bit address scheme allowing for a total of 2^32 addresses (just over 4 billion addresses).  With the growth of the Internet it is expected that the number of unused IPv4 addresses will eventually run out because every device -- including computers, smartphones and game consoles -- that connects to the Internet requires an address.

IPv6

IPv6 is the successor to Internet Protocol Version 4 (IPv4). It was designed as an evolutionary upgrade to the Internet Protocol and will, in fact, coexist with the older IPv4 for some time. IPv6 is designed to allow the Internet to grow steadily, both in terms of the number of hosts connected and the total amount of data traffic transmitted.

The Difference Between IPv4 and IPv6 Addresses

An IP address is binary numbers but can be stored as text for human readers.  For example, a 32-bit numeric address (IPv4) is written in decimal as four numbers separated by periods. Each number can be zero to 255. For example, 1.160.10.240 could be an IP address.

IPv6 addresses are 128-bit IP address written in hexadecimal and separated by colons. An example IPv6 address could be written like this: 3ffe:1900:4545:3:200:f8ff:fe21:67cf.