A domain name is a distinctive address that you can purchase via a registrar company. All of the devices that are connected to the Internet, including web servers, possess numeric addresses, or IP addresses, which are pretty difficult to remember, so the domain name system was created as an easy way to identify a certain site on the Web. In this way, your site can be reached at www.domain.com rather than 123.123.123.123, for example. Your domain name possesses 2 separate parts - the Second-Level Domain, that is the actual site name that you're able to pick, and the Top-Level Domain, which is the extension - .com, .net, .org and so on. You can register a new domain name from any kind of registrar or move an existing domain name between registrars in a few easy steps. In the event that you choose to do the latter, your domain shall be renewed immediately by the gaining registrar as soon as the transfer process has been finalized. In addition to the universal Top-Level Domains, there are country-code ones as well. A number of them can be registered by anyone, while others demand local presence or a business license.