An IP address is binary numbers but can be stored as text for human readers. For example, a 32-bit numeric address (IPv4) is written in decimal as four numbers separated by periods. Each number can be zero to 255. For example, 1.160.10.240 could be an IP address.
IPv6 addresses are 128-bit IP address written in hexadecimal and separated by colons. An example IPv6 address could be written like this: 3ffe:1900:4545:3:200:f8ff:fe21:67cf (see "What does an IPv6 address look like?")
The Benefits of IPv6 over IPv4
While increasing the pool of addresses is one of the most often-talked about benefit of IPv6, there are other important technological changes in IPv6 that will improve the IP protocol:
- No more NAT (Network Address Translation)
- Auto-configuration
- No more private address collisions
- Better multicast routing
- Simpler header format
- Simplified, more efficient routing
- True quality of service (QoS), also called "flow labeling"
- Built-in authentication and privacy support
- Flexible options and extensions
- Easier administration (say good-bye to DHCP)
Credit: http://www.webopedia.com/DidYouKnow/Internet/ipv6_ipv4_difference.html