Icann increases web domain suffixes
Posted by Xeno on June 20, 2011
A global internet body has voted to allow the creation of new website domain suffixes, the biggest change for the online world in years.
The Internet Corporation for Assigned Names and Numbers (Icann) plans to dramatically increase the number of domain endings from the current 22.
Internet address names will end with almost any word and be in any language.
Icann will begin taking applications next year, with corporations and cities expected to be among the first.
“Icann has opened the internet’s addressing system to the limitless possibilities of the human imagination,” said Rod Beckstrom, president and chief executive officer for Icann.
“No one can predict where this historic decision will take us.”
There will be several hundred new generic top-level domain names (gTLDs), which could include such addresses as .google, .coke, or even .BBC.
There are currently 22 gTLDs, as well as about 250 country-level domain names such as .uk or .de.
It will cost $185,000 (£114,000) to apply for the suffixes, and companies would need to show they have a legitimate claim to the name they are buying.
Analysts say it is a price that global giants might be willing to pay – in order to maximise their internet presence. …
If you don’t have $185,000 handy are you going to end up in the Internet slow lane? And is that guy in black the person at ICANN who made the decision to set the price that high?