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What is IP Address?

Crypto Terms Glossary: What is IP Address?

An Internet Protocol (IP) address is a numerical identification that is assigned to all devices connected to a computer network that make use of the internet for online communication. Generally, an IP address has two main purposes: to provide a host or network interface identification tag and also to identify the device's current location. IP addresses are always calculated algorithmically and allocated to devices by the Internet Assigned Numbers Authority (IANA), a division of the Internet Corporation for Assigned Names and Numbers (ICANN).

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