The domain name .net is one of the generic top-level domain (gTLD) used in the Domain Name System of the Internet.
The name itself derived from network, which indicates it is originally intended purpose for organizations involved in networking technologies, such as Internet service providers and other infrastructure providers.
There is no restrictions never enforced and .net domain is now used as the general purpose name space.
.net is a popular domain among network operators, and it is considered as an alternate to most popular domain .com.
Most demanding domains other than .net are com, .edu, .gov, .mil, and .org despite it is not being mentioned in RFC 920, having been created in January 1985. As of last year, it is the third most popular top-level domain, after .com and .de.
VeriSign, an operator of .net after acquiring Network Solutions, held an operations contract that expired on June 30, 2005.
ICANN, the organization who takes care of domain management work, sought proposals from organizations to operate the domain upon expiration of the contract.
VeriSign rejected the contract bid, and insured its control over the net registry system for another six years.
On June 30, last year, the deal with VeriSign was renewed for another six years.
This is because of a resolution approved by the ICANN board earlier, which states that renewal will be taken through automatic route as long as VeriSign meets certain ICANN requirements.
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