What actually happens when you buy a domain name?
▻https://hackernoon.com/what-actually-happens-when-you-buy-a-domain-name-9c996d352af3?source=rss
You’ve just thought of the next big thing. It’s gonna have AI, and you’re going to put it on the blockchain.You go onto GoDaddy, enter the name in, and boom —Eventually you find one that isn’t taken, and $10 later, it’s yours. Of course, you never ended up starting that project.But ever wonder where that $10 goes?You’re probably aware that when computers talk over the #internet, they use numerical labels (IP addresses) to identify each other. These are hard for us to remember, so we prefer friendly names like “google.com”. For you to access Google, some magic has to happen behind the scenes to turn “google.com” into Google’s IP address, “216.58.214.14".First of all, someone at Google had to have registered the name google.com. This is done via a domain name “registrar” such as GoDaddy. Registrars (...)