Answer:
Address is a way of letting client know that where a service is located. In WCF, every service is associated with a unique address. This contains the location of the service and transport schemas.
WCF supports following transport schemas
HTTP
TCP
Peer network
IPC (Inter-Process Communication over named pipes)
MSMQ
The sample address for above transport schema may look like
http://localhost:81
http://localhost:81/MyService
net.tcp://localhost:82/MyService
net.pipe://localhost/MyPipeService
net.msmq://localhost/private/MyMsMqService
net.msmq://localhost/MyMsMqService
Interesting? 