An Internet Protocol (IP) address is a numerical identification (logical address) that is assigned to devices participating in a computer network utilizing the Internet Protocol for communication between its nodes.[1] Although IP addresses are stored as binary numbers, they are usually displayed in human-readable notations, such as 208.77.188.166 (for IPv4), and 2001:db8:0:1234:0:567:1:1 (for IPv6). The role of the IP address 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 original designers of TCP/IP defined an IP address as a 32-bit number[1] and this system, now named Internet Protocol Version 4 (IPv4), is still in use today. However, due to the enormous growth of the Internet and the resulting depletion of the address space, a new addressing system (IPv6), using 128 bits for the address, was developed (RFC 1883). The Internet Protocol also has the task of routing data packets between networks, and IP addresses specify the locations of the source and destination nodes in the topology of the routing system. For this purpose, some of the bits in an IP address are used to designate a subnetwork. (In CIDR notation, the number of bits used for the subnet follows the IP address. E.g. 208.77.188.166/24) An IP address can be private, for use on a LAN, or public, for use on the Internet or other WAN. With the development of private networks and the threat of IPv4 address exhaustion, a group of private address spaces was set aside by RFC 1918. These may be reused by anyone. They are often used with network address translators to connect to the global Internet. The Internet Assigned Numbers Authority (IANA) manages the global IP address space. IANA works in cooperation with five Regional Internet Registries (RIRs) to allocate IP address blocks to Local Internet Registries (Internet service providers) and other entities.
