Domain registration is the process by which a company or individual can secure a website domain, such as www.yoursite.com. Once you have completed domain registration the domain becomes yours for the period of the contract, usually one year. Before registration expires it must be renewed, or the domain reverts back to being available to the general public.
The Internet Corporation for Assigned Names and Numbers (ICANN) manages the international Domain Name Server (DNS) database. ICANN insures that all registered names are unique and map properly to a unique Internet Protocol (IP) address. The IP address is the numerical address of the website that tells other computers on the Internet where to find the server host and domain.