For the most part the dire warnings about running out of internet addresses have ceased because, slowly but surely, migration from the world of Internet Protocol Version 4 (IPv4) to IPv6 has begun, and software is in place to prevent the address apocalypse that many were predicting.
But before we see where are and where we’re going with IPv6, let’s go back to the early days of internet addressing.
What is IPv6 and why is it important?
IPv6 is the latest version of the Internet Protocol, which identifies devices across the internet so they can be located. Every device that uses the internet is identified through its own IP address in order for internet communication to work. In that respect, it’s just like the street addresses and zip codes you need to know in order to mail a letter.
Source:: Network World – IoT