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The web is a vast space, and every site has to have a means that users can find them. Domains are its virtual address which attracts visitors all over the world to your site.
In the same way that an address isn't the same for every domain, not every domain is alike. Apart from having different terms, they also have distinct endings.
Although you might have missed this particular aspect of the domain the day to day, it's referred to as the domain extension or top-level domain. It's an essential element of the determination of a domain's distinctive characteristic.
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