Solution:The two versions of the Internet Protocol (IP) that are currently in use are:
IPv4 (Internet Protocol version 4):
This is the older, more widely deployed version. It uses 32-bit addresses, which allows for approximately 4.3 billion unique IP addresses. Due to the massive growth of the internet, this address space is nearing exhaustion.
IPv6 (Internet Protocol version 6):
This is the newer version designed to address the limitations of IPv4, particularly the address exhaustion problem.
- It uses 128-bit addresses, providing a vastly larger address space (approximately 3.4×10³⁸ unique addresses). IPv6 also includes other improvements in terms of security and efficiency.
- While IPv6 is being adopted, IPv4 is still prevalent, and both versions coexist on the internet.