What Does Version Number Mean?
A version number is a unique sequence of numbers which identifies the state of development of computer software. It is used to identify the exact build of the software under development, and hence can be used as a reference to what changes have been made between version numbers, which increment with every new function or bug fix added to the code of the software.
Techopedia Explains Version Number
Version numbers are essential for keeping track of incremental development (revision control) and knowing which versions of the software perform well or badly. This helps developers quickly see differences in the code and find causes of problems. For example, if the software was running fine on version 1.34 but keeps crashing on version 1.35, then the search can be narrowed down to what code was introduced in 1.35 that broke the functionality and then a solution to the problem can be formulated.