Domain
names are easy to remember names for computers on the Internet.
They correspond to a computers IP number (Internet Protocol).
The IP number serves
as routing addresses on the Internet.
The domain name system (DNS), consists of a directory,
organized hierarchically, of all the domain names and their
corresponding computers. When you register a domain name, it
will be associated with the IP address of the server on which
your site is located.
To learn more about domain names go to www.icann.org (The
Internet Corporation for Assigned Names and Numbers). 
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