It is an acronym for internet protocol. This is generally a set of rules controlling the form of data sent through a specific network. As a result, IP addresses are a set of numbers assigned to a particular network. This makes devices visible to the server and accessible for communication.
Every device connected to your home or business internet network has its own unique private IP addresses. This includes smartphones, laptops, computers, Bluetooth speakers, etc. Your router may need to find a way to identify each one of these devices and for these devices to recognize each other. Therefore, your router will create an exclusive address, which will differentiate each one from the network.