There are currently two standards of IP address IPv4 and IPv6.
IPv4 was first deployed in 1983 which provides more than 4 billion combinations for IP address. IPv6 was introduced for fears we would run out of addresses in 1999. IPv6 offers 340 trillion, trillion, trillion (340,000,000,000,000,000,000,000,000,000,000,000,000) unique addresses and expresses the 128 bits in hexadecimal string rather than binary.
It is thought that by 2020, IPv6 will be the standard but as IPv4 and IPv6 are incompatible any device that uses IPv4 and the software applications for IPv4 which operate on the internet will have to be upgraded or replaced.
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