US gives up Internet-naming powers in October

Los Angeles : The US is set to cede power of the Internet’s naming system to a non-profit organisation on October 1, ending the almost 20-year process to hand over a crucial part of the Internet’s governance.
The Domain Naming System, DNS, is one of the Internet’s most important components.
It pairs the easy-to-remember web addresses with their relevant servers. Without DNS, one would only be able to access websites by typing in its IP address, a series of numbers such as “194.66.82.10”. More by circumstance than intention, the US has always had ultimate say over how the DNS is controlled — but not for much longer, the BBC reported today.
The US will give up its power fully to Los Angles-based ICANN — the Internet Corporation for Assigned Names and Numbers — a non-profit organisation.