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Thanks. That description says:

Version 4 UUIDs have the form xxxxxxxx-xxxx-4xxx-yxxx-xxxxxxxxxxxx where x is any hexadecimal digit and y is one of 8, 9, A, or B

What is the purpose of the 4 and y?

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Versioning. The 4 says it is "version 4" in the RFC 4122 taxonomy, and the fact that the first two bits of y are "10" is meant to indicate that this is a UUID following that standard. Certain Microsoft GUIDs start with "110" in that field, and apparently there's another legacy format (Network Computing System) characterized by the first bit of y being "0". Therefore, an RFC 4122 compliant UUID will not overlap with either of these namespaces.

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