Simplified header format. IPv6 has a fixed length header, which does not include most of the options an IPv4 header can include. Even though the IPv6 header contains two 128 bit addresses (source and destination IP address) the whole header has a fixed length of 40 bytes only. This allows for faster processing.
Options are dealt with in extension headers, which are only inserted after the IPv6 header if needed. So for instance if a packet needs to be fragmented, the fragmentation header is inserted after the IPv6 header. The basic set of extension headers is defined in RFC 2460.
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32 bits (for IPv4), or 128 bits (for IPv6).32 bits (for IPv4), or 128 bits (for IPv6).32 bits (for IPv4), or 128 bits (for IPv6).32 bits (for IPv4), or 128 bits (for IPv6).
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In IPv4, the loopback address is 127.0.0.1. In IPv6 it is ::1.
There is no direct conversion.