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New style of domain names to create extra internet growth

The recent decision to open up the domain naming system will create the largest boom on the internet since its creation, according to the Internet Corporation for Assigned Names and Numbers (ICANN).

The group approved a measure this month to remove the restrictions on domain suffixes, allowing companies to register any word as an URL suffix. Where users were previously limited to 21 suffixes, such as .com and .net, sites will now be able to use such domains as .news or .bank.

ICANN says the new rules will go into effect some time next year and claim that they will have a huge impact on the industry. 

“The potential here is huge. It represents a whole new way for people to express themselves on the net,” said ICANN President and Chief Executive Dr. Paul Twomey.

ICANN plans to allow non-Latin characters as well, opening the door for domains with Chinese and Arabic characters for the first time.

The company also provided further guidance on how the new domains will be distributed and managed. By the second quarter of 2009, ICANN plans to begin accepting applications for new domains. In the case of a trademark or cyber-squatting spat, the company plans to allow trademark holders to file appeals. The appeals will then be reviewed by ICANN and a decision made.

A similar system will be put in place for dealing with attempts to register potentially offensive sites. Users will be able to file an objection which will then be passed on to an independent international review board which will base its decision on international treaties.

Derrick Cameron, MD of IT specialists Eximium comments “The lack of decent domain names has become an increasing problem for new companies.  This has meant that domain names are getting longer and longer.  This is a great opportunity to free up new names and will create the potential for many new memorable web based companies to be created.”

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This entry was posted on Tuesday, July 22nd, 2008 at 9:36 am and is filed under Business Advice, IT Advice, News . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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