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IoT is made up of two words primarily, Internet and Things. Things are Electronic Devices and when they are connected to internet to receive and send data a term Internet of Things is used to describe them.
There are 7 Billion Electronic Devices in the world and according to a research this number will be increases to 50 billion by the end of 2020. Most of these devices will be a part of IoT. IPV6 Protocol will be used to provide IP address to these devices.
Explanation: Sensors and other devices are used to detect physical quantities such as: