ICANN (Internet Corporation for Assigned Names and Numbers) has handed out it's last batches of IPv4 addresses. ( the #s that look like this : 192.168.1.0) This doesn't mean that we will have to take turns sharing IP addresses though. ISPs still have more IP address then they know what to do with to give to their customers and IPv6 is becoming more prominent but not quite yet the norm.
IPv$, the version we "all" currently use hosted just above 4 billion different addresses where as the new IPv6 will be able to deliver trillions. The switch to IPv6 won't be on us as users, but on the shoulders of ISPs, and the cost of developing and implementing this has kept them from switching over already.
Read more of the article at: Internet address warehouse empty
EDIT: Let me rephrase what I said about IPv6's quantity capabilities. It can deliver enough addresses for a trillion people to be assigned trillions of addresses.
Ever seen what "340 undecillion" looks like?
340,000,000,000,000,000,000,000,000,000,000,000,000
Yep, I think we're set.
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