32-Bit Address Scheme and Limitations
IPv4 proxies use the fourth version of Internet Protocol with a 32-bit addressing system. This system creates approximately 4.3 billion unique addresses (2³²) shown in dotted decimal notation (like 192.168.1.1). Each address has four octets separated by dots, and each octet can have values from 0 to 255. IPv4 has been the main protocol since 1983, but its limited address space has become a big problem.
Through things like network access translation (NAT), IPv4 exhaustion has been mitigated, allowing private IPs within a network to be non-unique, with each network only having one public IP address. While NAT has reduced the urgency of transitioning to IPv6, it also complicates a whole range of activities like connecting to a device with SSH.
The IPv4 headers contain many fields such as version, header length, type of service, total length, and header checksum. These fields need processing time and can slow down routing.