A domain name is an easy-to-remember and unique web address that you're able to obtain for your site. It maps a numeric IP address that is employed to identify websites as well as devices on the Internet but it's rather easy to remember or distribute. Each domain consists of two separate parts - the specific name that you choose plus the extension. For instance, in domain.com, “domain” is called Second-Level Domain and it is the part you will be able to select, and “.com” is the extension, which is also identified as Top-Level Domain (TLD). You will be able to obtain your new domain via any accredited registrar company or transfer an existing one between registrars when the extension can support this option. Such a transfer doesn't change the possession of your domain name; the one thing that changes is where you can control the domain. Most domain extensions are available for registration by any entity, but numerous country-code extensions have certain requirements like regional presence or a valid business registration.