What is IP address and what is MAC address?

IP Address (Internet Protocol)

IP address stands for Internet Protocol and it is dynamic not static.
IP address is used for identification of any devices over the internet.
IP address is dynamic address, means IP address can change over the network during time period.
IP address are router friendly address because, router is uses for identification is IP(Internet Protocol) for transfer data from one node to another node over the network.
IP address is 32 bit number and it is defined using Decimal number system. Like, 255.255.255.255.
Above number is the total limit of IP address (IPV4).
IP address can be valid if any number is decimal and range under 255.255.255.255.
You can see your IP address using CMD in your system. Like below:

MAC stands for Media Access Control.
MAC address is unique over the world.
MAC address are used for just like human name in real world, and unique for any nodes which is involved or not in computer network.
MAC address can not change in any devices.
MAC is provided by manufacturer of any devices.
MAC is hexadecimal number like C0-CB-38-AB-CC-17.
MAC address can be written using dots(.) or dash(-).
MAC address are switch friendly address because, switches are used for establish or share data using MAC address in LAN (Local Area Network).
You can see MAC address in your system using CMD with ipconfig/all command.