IP addressing involves assigning unique addresses to devices on a network. The document discusses:
- The structure of IP addresses and how they are represented in dotted decimal notation.
- The limitations of the original class-based IP address system and solutions like subnetting and CIDR that allow for more flexible address assignments.
- The transition to IP Version 6 which uses a 128-bit address format to accommodate more available addresses as IPv4 address space is depleted.