Just as the question says, what is the Microsoft Loopback Adapter, and as a bonus, what scenerios as a developer would it be useful? I've noticed it's been required when installing a couple of applications to my machine, but aside from guessing, I've never have had a sturdy understanding of it's functionality.
I've read a couple of articles online, but nothing really made me "get it". While I don't need a hugely complex answer, a little explaination would be very useful.
Thanks! George