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What do the entries ´localhost´ or ´127.0.0.1´ and port ´8080´ mean, which can be found in the field HTTP of the browser?

browser entries field http mean port
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What do the entries ´localhost´ or ´127.0.0.1´ and port ´8080´ mean, which can be found in the field HTTP of the browser?

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´Localhost´ and ´127.0.0.1´ mean that it is not an external server but the PC itself. ´8080´ is the port in which IW2000 has been installed and which processes the HTTP data transfer to the Internet.

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