Why is localhost IP 127.0.0.1?

-- Music by Eric Matyas Track title: Dream Voyager Looping -- Chapters 00:00 Question 00:33 Accepted answer (Score 92) 01:29 Answer 2 (Score 62) 03:16 Answer 3 (Score 27) 04:49 Answer 4 (Score 11) 06:31 Thank you -- Full question Answer 1 links: Answer 3 links: -- Content licensed under CC BY-SA -- Tags #avk47