IPv4 and IPv6 are addresses used to identify computers on the internet. Find the correct statement out of the following:

Number of bits required for IPv4 address is more than number of bits required for IPv6 address.
Number of bits required for IPv4 address is same as number of bits required for IPv6 address.
Number of bits required for IPv4 address is less than number of bits required for IPv6 address.
Number of bits required for IPv4 address is 64.