What is difference between 0.0.0.0 and 127.0.0.1?

127.0.0.1 is localhost. Only same machine can access this address.
But 0.0.0.0 means all of ip addresses binding to this machine.

Reference:
http://blog.lauramamina.com/article?title=0.0.0.0%20vs%20127.0.0.1