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The rumor that the Internet will soon run out of IP addresses has been circulating since the late 80’s and then again during the late 90’s along with the Y2K scare. As unbelievable as it may sound the Internet is really running out of IP addresses. This story has been confirmed by one of the Internet founding fathers, Vint Cerf who is also the Google VP. Cerf created IPv4, the web protocol that allows computers and other devices connect to each other, to private networks and to Internet. Today, the buzzword seems to be “IPocalypse”, the impending exhaustion Internet resources. However, this is no reason to start a panic streak and go web space hoarding. The important thing is to understand what it is and knowing how it affects you.