A domain name is the actual name of a website, and every single website has a domain name. To obtain one, you need to purchase it through a domain registrar. Domains can cost anywhere from a few dollars a year to hundreds of thousands of dollars a year, based on the contract and popularity of the domain. Every domain name is actually pointing to an IP (Internet Protocol) address, which is a series of numbers. Because most people can’t remember 10 digits in perfect order, domain names serve as easily-remembered alias for visitors. Probably the best known domain name is google.com, and Google’s IP address is 173.194.79.99… which is easier for you to remember?
The domain name system isn’t owned by any one entity. It is, however, managed by the Internet Coorporation for Assigned Names and Numbers (ICAAN), a non-profit organization.
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