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WHAT IS A NETWORK OR IP ADDRESS? An Internet Protocol (IP) address is the unique identifying number assigned to every device connected to the internet. An IP address definition is a numeric label assigned to devices that use the internet to communicate. Computers that communicate over the internet or via local networks share information to a specific location using IP addresses. IP addresses have two distinct versions or standards. The Internet Protocol version 4 (IPv4) address is the older of the two, which has space for up to 4 billion IP addresses and is assigned to all computers. The more recent Internet Protocol version 6 (IPv6) has space for trillions of IP addresses, which accounts for the new breed of devices in addition to computers. There are also several types of IP addresses, including public, private, static,and dynamic IP addresses. IP addresses in IPv4 IPv4 addresses are 32 bits in length.