Internet Protocol

The Internet Protocol (IP) is the principal communications protocol used for relaying datagrams (packets) across an internetwork using the Internet Protocol Suite. Responsible for routing packets across network boundaries, it is the primary protocol that establishes the Internet.
IP is the primary protocol in the Internet Layer of the Internet Protocol Suite and has the task of delivering datagrams from the source host to the destination host solely based on their addresses. For this purpose, IP defines addressing methods and structures for datagram encapsulation.
Historically, IP was the connectionless datagram service in the original Transmission Control Program introduced by Vint Cerf and Bob Kahn in 1974, the other being the connection-oriented Transmission Control Protocol (TCP). The Internet Protocol Suite is therefore often referred to as TCP/IP.
The first major version of IP, now referred to as Internet Protocol Version 4 (IPv4) is the dominant protocol of the Internet, although the successor, Internet Protocol Version 6 (IPv6) is in active, growing deployment worldwide.

Services provided

The Internet Protocol is responsible for addressing hosts and routing datagrams (packets) from a source host to the destination host across one or more IP networks. For this purpose the Internet Protocol defines an addressing system that has two functions. Addresses identify hosts and provide a logical location service. Each packet is tagged with a header that contains the meta-data for the purpose of delivery. This process of tagging is also called encapsulation.
IP is a connectionless protocol and does not need circuit setup prior to transmission.