The internet – plainly put – consists of many computers connected by cables, fiber optic cables, and wireless receivers. They exchange data based on a common ‘language'. This common standard is known as the Internet Protocol (IP). Data is arranged in such a way that computers, which understand the common protocol, can interpret it.
An IP address, also referred to as an 'IP', makes digital devices detectable in a network. It is a crucial prerequisite so that electronic data packets can be delivered reliably. The devices communicate with one another, for example, over the internet. The IP address ensures that data from the sender reaches the correct recipient – for example, from a web browser to a web server or vice versa. An IP address can be assigned to both single and multiple devices at the same time. Likewise, a single device can have multiple IP addresses at the same time.
However, in order to be able to understand exactly what a floating IP is, you first need to know the difference between dynamic and static IP addresses.