U.S. to Exhaust Internet Addresses by this summer

Although the internet seems virtually endless, the U.S. organization that allocates addresses to companies is running out of combinations. This is a potential problem for all corporations in America. When the IPv4 protocol was created in 1981, 4.3 billion addresses were available for American businesses. At the time, the vast amount of internet space seemed like enough, but with the expansion of the internet and social media, the U.S. quickly used up most of the space on the IPv4 system. Thankfully, there is a solution for the shortage, but it may be costly to companies that have not switched away from IPv4.

IPv6, approved in 1998, increases internet space from 4.3 billion addresses to a whopping 340 undecillion. The massive amount of IPv6 addresses is enough to assign every gram of matter on Earth an IP address. The upgrade is expensive, but will be necessary for all American businesses that use the internet. So far, only 9% of the Internet has made the switch from IPv4 to IPv6. Many companies are putting off the big upgrade, and the ones that haven’t yet made the switch are scrambling to get the last of the IPv4 addresses. 

Companies such as Amazon are buying addresses from other companies like Xerox. In addition to buying the last of the IPv4 addresses, entrepreneurs are making millions transferring IPv4 addresses to IPv6 addresses. With the internet playing an integral role in business, many companies will pay considerable amounts to transfer addresses. The transfers will result in many more available addresses, until the next generation of IP addresses is created.

Click here for the full story from The Wall Street Journal, or click here for more Front Street news...

 

Comment /Source

Virginia MacKoul

Virginia is a graduate from the University of Florida's College of Design Construction and Planning with a degree in Sustainability and the Built Environment, and a minor in Urban Regional Planning. Virginia joined the Front Street team in 2011, as an intern. Upon graduation, Virginia joined the Front Street team full-time as the Director of Client Services. Ms. MacKoul’s addition furthers Front Street’s continued growth and expansion within Gainesville and other North Central Florida markets. She was promoted to Director of Marketing in 2014 and now manages the firm’s team of interns and oversees all marketing and branding activity. Virginia was born in Boston and moved to Lee County, Florida in 1997. Virginia graduated her high school's International Baccalaureate program and started at the University of Florida with a focus on Architecture. Virginia shares Front Street's passion of giving back to the community and those in need. Virginia's hobbies include photography, cooking, football, movies, music, and spending time with her dog, Brinkley.

 Subscribe in a reader

Subscribe to Front Street's News Page by Email