Domain names are an integral part of the way the internet functions, as they directly represent the name of a web site. Without domain names, a web surfer would have to type in an IP address in the address bar of their browser, which is basically a string of numbers separated by dots. Obviously, these segmented number sequences are much more difficult to remember than the standard web site name, thus domain names were invented. Understanding the basics of domain names is rather simple, especially for those with adequate internet knowledge and a bit of technical sense. However, trying to judge the value of a domain name is much more difficult. In fact, there are even companies and individuals known as domain speculators that specialize in judging the value of domain names.