With reference to Internet Protocol (IP), consider the following statements:
1. An IP address is a unique address that identifies a device on the internet or a local network.
2. IP address is allocated by the International Telecommunication Union (ITU).
3. IPv4 is based on 32-bit addressing whereas IPv6 is based on 128-bit addressing.
4. IPv6 provides simpler and shorter IP addresses than IPv4.
Which of the statements given above are correct?