Firmware Versions Explained

I have noticed some similarity and even some duplicates of version numbers between products, or how some start with 0.1 and some are 1.0.x etc

Can you share the “key” to how these versions are tracked?
Something like: Major Product Release (dot) Minor Feature Update (dot) Security Patch (dot) New Feature?

And when a device has been “abandoned” for the new v2 do we expect to see FW versions pick up where v1 ended?

Some examples I have noticed:
Cam Outdoor v1 - []
Cam Outdoor v2 - []

Cam Pan v2 - (November 2, 2022)
Cam Pan v3 - (January 10, 2023)
picks up where v2 stopped

Cam OG & Cam OG Telephoto - 1.0.59 (February 13, 2023)
have the same version and release date but 2 different files

Cam v3 Spotlight - (November 22, 2021)
Has only 1 release and is such a small decimal

Bulb v1 vs Bulb White
And the list goes on…

@WyzeJasonJ @WyzeGwendolyn @WyzeRoy @WyzeXiZ @WyzeMike