Quick introduction on Domain Name System
Millions of websites are available online, competing to attract users’ attention. One of the crucial ‘weapons’ website owners use is the name of their websites, thus the domain name.
It all started in 1984 at the University of Wisconsin.
To facilitate interaction of a fast-growing number of users networking, researchers developed the first name server. One year later, they implemented DNS and organized .com, .net and .org Domain names. The very first registered domain name is Symbolics.com.
In 1990, due to the spread of commercial uses of the internet and release of World Wide Web, they emerged the first service provider in domain name to run servers and registrations administered by National Science Foundation (NSF). Until 1995, a domain name could be registered free of charge. When NSF gave Network Solutions the ability to charge for registration, domain prices began at $100 for a two-year registration.
1998 is the year of DNS privatization and ICANN (the non-profit Internet Corporation for Assigned Names and Numbers) formation. Costs of Internet domain name registration decreased, leading to a more competitive environment.
Globally, emerged website domain marketplaces and parking providers, such as Sedo, Flippa and Godaddy; offering domain name registration, domain name transactions and professional hosting.
The power of domain name consists in the fact that it gives a website its own web address where it can be found at and associated with.
In a quick introduction, a domain name consists of two parts, the chain of characters (which makes it unique) and domain extensions.
The most familiar domain names, based on domain extensions, are TLDs (Top-Level-Domains); especially generic domains (gTLDs), such as: .com, .net, etc.; but also country-code domains (ccTLDs), such as .us, .al.
Nowadays, there are approximately 330 million domain names registered. Obtaining a domain name from a large number of registrars is easier than ever. The domain name market is in constant growth. Many companies but also individuals are interested in investing.
