Question:

What is a domain name?

Answer:

A domain name your address on the internet. Unlike the real-world, getting a domain name (or even multiple domain names) is not very difficult.

A domain name consists of two parts - the hostname and the extension. In the case of Yahoo.com, 'Yahoo' is the hostname, and '.com' is the extension.

While .com, .net, and .org are generic extensions, every country has its own extension too. For example, .ca is for Canada, .co.nz is for New Zealand, and co.uk is for the UK. Even the US has its own extension (.us), but it is not very popular.

You basically lease the domain name (in year blocks) from ICANN, which is a non-profit organization that handles the internet structure. As long as you keep renewing your domain name, no one can take it away from you.

Getting a domain name is as simple as going to a domain registrar and picking a domain to register. If a domain name is already registered, you can attempt to buy it. Famous domain sales include business.com for $7.5 million and vodka.com for $3.0 million.

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