With the dawn of the dot-com bubble in early 1990s, more businesses started relying on IP networks, which meant a drastic depletion of IPv4 address space. Soon the industry realized that there was a need for a new network layer protocol that could accommodate and gratify the growing network requirements. This made the industry start working on next-gen IP (IPng).
While the initial efforts were performed to extend the Stream Protocol (ST2) as a quick fix for the network address depletion, features such as Network Address Translation (NAT) and Dynamic Address Allocation (such as DHCP) addressed the exhaustion to a certain extent, allowing the industry enough time to work on IPng. IPng was developed to not only tackle the address space challenge but also consider the other limitations and challenges that were facing IPv4. ST2 was officially designated...
