A domain name is a special address that you can acquire through a registrar company. All the units that are connected to the World-Wide Web, such as web servers, have numeric addresses, or IP addresses, which are pretty hard to remember, so the domain name system was introduced as an easy means to identify a site on the Internet. Thus, your website can be reached at www.domain.com as an alternative to 188.8.131.52, for example. Your domain name includes two parts - the Second-Level Domain, which is the actual website name that you are able to select, and the Top-Level Domain, which is the extension - .com, .net, .org and so on. You are able to register your new domain from any type of registrar or transfer a current domain name between registrars in just a few simple steps. Whenever you decide to do the latter, your domain will be renewed instantly by the gaining registrar once the transfer process is finalized. Along with the generic Top-Level Domains, there are country-code ones too. Some of them can be registered by anyone, while others demand local presence or even a business license.