According to a report on Fox News, internet addresses will run out in less than one year.
The internet protocol used today, IPv4, provides about 4 billion unique IP addresses that are used to identify each computer, website, or internet-connected device. This service, which was created 30 years ago, seemed like a perfect attempt at supplying enough internet addresses, but today there are only about 232 million IP addresses left. This number is rapidly going down due to the boom in smartphone and web-enable devices.
When IPv4 was created, smartphone technology had not been created yet, and the idea of devices such as refrigerators needing an IP address was absurd. Today, however, almost every electronic device can connect to the internet.
One solution to this problem is IPv6. This new IP service would provide nearly 4 billion IP address to every person in the world. Unfortunately, this service has been frowned upon by many service providers because it would require a large amount of upgrades, and some users would completely have to purchase new hardware.