IP ADDRESS

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.Although IP addresses are stored as binary numbers, they are often displayed in more human-readable notations, such as 192.168.100.1 (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."
Originally, an IP address was defined as a 32-bit number 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, had to be developed.IPv6 is now being deployed across the world; in many places it coexists with the old standard and is transmitted over the same hardware and network links.
The Internet Protocol also is responsible for 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. 192.168.100.1/16) An IP address can be private, for use on a LAN, or public, for use on the Internet or other WAN.
In early specifications, IP addresses were intended to be uniquely assigned to a particular computer or device.However, it was found that this was not always necessary as private networks developed and address space needed to be conserved (IPv4 address exhaustion). RFC 1918 specifies private address spaces that may be reused by anyone; today, such private networks typically access the Internet through Network Address Translation (NAT). In addition, technologies such as anycast addressing have been developed to allow multiple hosts at the same IP address but in different portions of the Internet to service requests by network clients.
The global IP address space is managed by the Internet Assigned Numbers Authority (IANA). 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.
Static and dynamic IP addresses
When a computer is manually configured to use the same IP address each time it powers up, this is known as a Static IP address. In contrast, in situations when the computer's IP address is assigned automatically, it is known as a Dynamic IP address.

Method of assignment
Static IP addresses are manually assigned to a computer by an administrator. The exact procedure varies according to platform. This contrasts with dynamic IP addresses, which are assigned either randomly (by the computer itself, as in Zeroconf), or assigned by a server using Dynamic Host Configuration Protocol (DHCP). Even though IP addresses assigned using DHCP may stay the same for long periods of time, they can generally change. In some cases, a network administrator may implement dynamically assigned static IP addresses. In this case, a DHCP server is used, but it is specifically configured to always assign the same IP address to a particular computer, and never to assign that IP address to another computer. This allows static IP addresses to be configured in one place, without having to specifically configure each computer on the network in a different way.
In the absence of both an administrator (to assign a static IP address) and a DHCP server, the operating system may assign itself an IP address using state-less autoconfiguration methods, such as Zeroconf. These IP addresses are known as link-local addresses. For IPv4, link-local addresses are in the 169.254.0.0/16 address range.
In IPv6, every interface, whether using static or dynamic address assignments, also receives a local-link address automatically in the fe80::/64 subnet.

Uses of dynamic addressing
Dynamic IP Addresses are most frequently assigned on LANs and broadband networks by Dynamic Host Configuration Protocol (DHCP) servers. They are used because it avoids the administrative burden of assigning specific static addresses to each device on a network. It also allows many devices to share limited address space on a network if only some of them will be online at a particular time. In most current desktop operating systems, dynamic IP configuration is enabled by default so that a user does not need to manually enter any settings to connect to a network with a DHCP server. DHCP is not the only technology used to assigning dynamic IP addresses. Dialup and some broadband networks use dynamic address features of the Point-to-Point Protocol.

Uses of static addressing
Static addressing is essential in some infrastructure situations, such as finding the Domain Name Service directory host that will translate domain names to IP addresses. Static addresses are also convenient, but not absolutely necessary, to locate servers inside an enterprise. An address obtained from a DNS server comes with a time to live, or caching time, after which it should be looked up to confirm that it has not changed. Even static IP addresses do change as a result of network administration.