Domains are nonmaterial goods. When sold, the only transaction taking place is transfer of domain rights from one user to another. Barring any form of copyright or trademark violation, virtually any domain name can be bought or sold. Generic domain names, such as car.com or computer.com, are not legally protected and can therefore theoretically be reserved by anyone.
ICANN renewed Verisign’s .com contract, this time with an interesting new clause — the $6 cap previously placed on Verisign’s fee was removed, granting permission for Verisign to raise their fee by 7% each year from 2007 to 2010, bringing it to $7.85. The justification given by ICANN was “to allow market forces to determine prices”, which I don’t quite follow, but I’m no Keynes. They also point out, in subtler language, that it’s the US government’s job to worry about Verisign’s monopoly, which is, I guess, fair.
Before you sign up for Web hosting and start building a website, you need to buy the domain name where visitors will find your site. Hundreds of different registrars sell domains, so first and foremost, know that domain names work the same no matter which registrar you use. You don't need to buy your domain from the same company that will host your site. Aside from picking a registrar -- and, of course, your site's name -- you also need to pick a top-level domain like .com or .org.
Name servers. Most registrars provide two or more name servers as part of the registration service. However, a registrant may specify its own authoritative name servers to host a domain's resource records. The registrar's policies govern the number of servers and the type of server information required. Some providers require a hostname and the corresponding IP address or just the hostname, which must be resolvable either in the new domain, or exist elsewhere. Based on traditional requirements (RFC 1034), typically a minimum of two servers is required.
Now it’s time to see if your domain name choices are available. Once you’ve come up with a few strong domain candidates, it’s time to plug them into Namecheap’s domain name search bar. We will search available domain names for you and let you know if your first choice of second-level domain or TLD is available. We’ll also suggest some alternate TLDs you might try if your first domain choice isn’t available.