The top level domain is very important for every website and till now the top level domain naminghas been a closed system and it has only 22 extensions that include .com, .net, .edu etc. By next year, reports state that another 1,000 new domain extensions will added to the domain list.
There are two types of Top level domains that include gTLD's ( generic top level domain) and ccTLD's ( country code top level domain). In expansion policy, the ICANN( Internet corporation for assigned names and numbers) has given chance to organizations to have their desire gTLD. But the desire gTLD should not comprise any numbers, hyphens, country or territory names.
The benefits of proposed gTLD system are better innovation, increase in the visibility of brand, targeted domains and consistent revenue. The disadvantages associated with the new gTLD system are trademark conflicts, Cyber squatting and huge operation costs.
