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What is a domain name and what is it used for?

A domain name is a label that identifies a network domain: a distinct group of computers under a central administration or authority.

Within the Internet, domain names are formed by the rules and procedures of the Domain Name System (DNS). Any name registered in the DNS is a domain name. Domain names are used in various networking contexts and for application-specific naming and addressing purposes. In general, a domain name represents an Internet Protocol (IP) resource, such as a personal computer used to access the Internet, a server computer hosting a web site, or the web site itself or any other service communicated via the Internet. In 2017, 330.6 million domain names had been registered.[Wikapedia]

What is a domain name transfer?

A domain name change simply means that you are changing the registrar. You are essentially changing who holds the domain name.

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