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To simplify, does ICANN not own all .com domains (like McDonalds owns all their locations)? Then, like a master franchisor (Registrars) , lease any domain names to domainers (you and I). Now, do the registrars pay for some of the domains (Premium) to hold and then lease, or are they held by ICANN, available to all registrars to lease out. I have never made the mistake of thinking I own any domain. Like an apartment, I rent it, or lease for a maximum of 10 years and then renew.
Good approach, still, probably we need to clarify that ICANN Doesn't Own Domains: ICANN (Internet Corporation for Assigned Names and Numbers) is more like a regulatory body overseeing the domain name system. They don't own the domains themselves. Yes, they get paid from every domain name that is registered.
Registries Manage TLDs: Specific registries manage Top-Level Domains (TLDs) like .com (Verisign).
Registrars Lease (register) Domains: Similar to your franchisor analogy, registrars are accredited companies that lease domain names to individuals and businesses (domainers like you and I). They act as the primary channel for domain registration.
Some Registries Lease Directly: While registrars are the most common way to register domains, some TLD registries also offer domain leasing directly to users. This approach is less common, but it's an option for certain TLDs.
Premium Domains: Registrars usually don't hold premium domains themselves. These domains are often owned by the registry or private companies and leased to registrars at a higher price. Registrars then offer them to customers at a premium cost.
Domain Registration, Not Lease: While the term "lease" is sometimes used, domain registration is more accurate.
You register a domain for a specific period (typically 1-10 years) and renew it to maintain ownership.
Here's the updated breakdown of the players:
ICANN: Sets policies and oversees the domain name system.
Registries: Manage specific TLDs like .com (Verisign). Some registries may also offer direct domain leasing to users.
Registrars: Accredited companies that sell domain registrations to users (e.g., GoDaddy, Namecheap). This is the most common method.
Have to admit that this is still a very simplistic breakdown, though should help.
The analogy to renting an apartment is very close
Best! Helmuts