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IP addressing and root server systems are the responsibility of ICANN, the Internet Corporation for Assigned Names and Numbers. Domain name control is delegated by ICANN to national hostmasters. Each country has its own hostmaster service, and registration of domains is usually delegated to independant registrar companies and hosting companies on authority of the national registrar.
What organization is responsible for managing IP addresses, domain names, and root server systems?
Internet Corporation For Assigned Names and Numbers (ICANN) is responsible for this.
For more details , refer http://www.icann.org/
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