From the following list, which is incorrect about Internet Protocol $($IP$)$ addresses.

An IP address in the IPV$4$ format uses four$-$decimal notation, such as $182\mathrm{.}124\mathrm{.}7\mathrm{.}9.$

IPV$6$ can accommodate many more addresses than the IPV$4$ format.

An IP address can be static or permanently assigned to a device.

Two devices can share the same IP address.