ICANN has aanounced they will be bringing in some new top level domains (like the current .com, .net, and .edu) one of ICANN\'s working groups has already proposed domain names ranging from \'\'.banc,\'\' \'\'.museum,\'\' .\'\'union,\'\' \'\'.travel,\'\' to \'\'.sex.\'\', though they have not settled on the exact names yet.CNET had this to say\"
Domain names are comprised of several levels of domains. For example, the three-letter suffix in a Web site address such as \'\'.com\'\', \'\'.net\'\' or \'\'.org\'\' is what\'s known as a generic top- level domain. Two-letter suffixes such as \'\'.jp\'\' or \'\'.kr\'\' -- called country-code top-level domains -- refer to countries and regions. Web page addresses usually consist of these domains.
There are currently seven combinations of letters comprising domain names ending in a three-letter suffix. No new combinations have been added since the early 1980s. That\'s meant competition and bidding wars for addresses sought by vendors looking to distinguish themselves from competitors.
Adding new domain names would ease congestion, freeing up a number of new addresses for everything from on line flower shops to on line travel agencies. Analysts say new domain names would partly help address the issue of competition for names in cyberspace. Even so, ICANN is not without controversy, with some critics arguing no one group should have the power to regulate the activities of others in the freewheeling dot-com world.