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IPv4 uses 32 bits (about 4 billion addresses, 232)
IPv6 uses 128-bit address (about 252 addresses for every observable star in known universe.)
Host identifier portion of IPv6 address uses 64 bits
(Note: MAC address is 48-bit long.)
Most transport- and application-layer protocols need little or no change to operate over IPv6
Actual address space utilization rates will likely be small in IPv6, but network management and routing will be more efficient.
More: Wikipedia article IPv6
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