Here is what I found as What an IP address is and what it's used for? Can you offer your opinion to the below explanation. Thank you in advance.
An IP address is a numerical label assigned each device on a particular network that is using the Internet protocol for communication. An IP address is similar to a home address; it lets other networks and host know where you can be located. The IP address is 32 bits long and is usually expressed in a doted decimal notation. In this notation, the IP address is broken into four 8-bit segments. Each segment’s bits are treated as a binary number and are converted into a decimal number. The four segment decimal numbers are written out with dots (periods) between them. So 188.8.131.52 is a typical IP address in dotted decimal notation. There are two types of IP addresses, one is dynamic IP address. This is when the DHCP server assigns or gives the client PC and IP address to use. This IP address is a static IP, which is a set IP address that doesn’t change, these are usually used by your host servers, like a Bellevue.edu, it always remains the same. The IP address is like you’re own personal address to where your computer can be located in order to receive information from other servers or computers.