EU domain registrations
A European online identity, for European businesses and individuals. It sounds nice in theory, however, the reality is very different. When the .EU domain registration landrush period started on 7 April 2006 over 700,000 domains were registered in the first 4 hours. The result was a complete mess. Registration servers went down, or took ages to respond to requests, and domains showed as available when they were actually already registered by another party. Legitimate registrars from all over the world had to compete with newly set up registrars operated by wealthy people (quite a few non-European) who used this structure to register thousands of generic (valuable) domain names. It is feared that wide-spread fraud occurred during the Landrush process. This is certainly not the end of the story for this failed operation by the European Union.
Founder and CEO of Godaddy wrote an interesting post on his Blog about the whole deal. Click here to read.
Europeans rush to register domains, read more here.
Administrator @ April 11, 2006