Icann Plans To Consider A Plan For The Resale Of Domain Names

This summary discusses the issue of creating an Internet address “Waiting List Service” (“WLS”) that users would use to re-register dot.com addresses as they expire from the registry. Consumers would go through their Internet registrars (the retail sellers of dot.com names) and buy a WLS subscriptions for their desired names. The Internet Corporation for Assigned Names and Numbers (“ICANN”) manages the Internet’s Domain Name System and will have to determine whether or not to approve this plan for a 12-month pilot program.

The following questions have been addressed in this article:

How does VeriSign operate?
How will the Waiting List Service work?
What are the benefits of this WLS proposal?
How does the renewal process work for domain names?
What are the benefits to the WLS Subscription Service?

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