IP Full Form is Internet Protocol Address. This refers to the label with numeric, assigned to every device that uses Internet Protocol to communicate over the computer network. There are two reasons for IP address – It serves as identification to the network or host interface and as a local address. IP addresses are easily readable and are a 32-bit number.
A static IP address is manually assigned by an administrator to a computer. On the other hand, a dynamic IP address is assigned is assigned by host software or a computer interface. There are two versions in IP address, which are practically in use and they are IP version 4 and version 6. Each of these versions definess IP addresses in a different manner.