Internet Protocol Tutorial IP Loopback, IP Private Addresses, and IPv6 Address Types

IP Loopback Address
127.0.0.1 is the loopback address in IP. Loopback is a test mechanism of network adapters. Messages sent to 127.0.0.1 do not get delivered to the network. Instead, the adapter intercepts all loopback messages and returns them to the sending application. IP applications often use this feature to test the behavior of their network interface.

As with broadcast, IP officially reserves the entire range from 127.0.0.0 through 127.255.255.255 for loopback purposes. Nodes should not use this range on the Internet, and it should not be considered part of the normal Class A range.
Zero Addresses
As with the loopback range, the address range from 0.0.0.0 through 0.255.255.255 should not be considered part of the normal Class A range. 0.x.x.x addresses serve no particular function in IP, but nodes attempting to use them will be unable to communicate properly on the Internet.
Private Addresses
The IP standard defines specific address ranges within Class A, Class B, and Class C reserved for use by private networks (intranets). The table below lists these reserved ranges of the IP address space.

Nodes are effectively free to use addresses in the private ranges if they are not connected to the Internet, or if they reside behind firewalls or other gateways that use Network Address Translation (NAT).
IPv6 Address Types
IPv6 does not use classes. IPv6 supports the following three IP address types:
• unicast
• multicast
• anycast
Unicast and multicast messaging in IPv6 are conceptually the same as in IPv4. IPv6 does not support broadcast, but its multicast mechanism accomplishes essentially the same effect. Multicast addresses in IPv6 start with 'FF' (255) just like IPv4 addresses.
Anycast in IPv6 is a variation on multicast. Whereas multicast delivers messages to all nodes in the multicast group, anycast delivers messages to any one node in the multicast group. Anycast is an advanced networking concept designed to support the failover and load balancing needs of applications.
IPv6 Reserved Addresses
IPv6 reserves just two special addresses: 0:0:0:0:0:0:0:0 and 0:0:0:0:0:0:0:1. IPv6 uses 0:0:0:0:0:0:0:0 internal to the protocol implementation, so nodes cannot use it for their own communication purposes. IPv6 uses 0:0:0:0:0:0:0:1 as its loopback address, equivalent to 127.0.0.1 in IPv4.
source :http://compnetworking.about.com