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What is the main difference between domain endings?

Some domain extensions have more value for example dot edu is reserved educational institutes, dot gov for government agencies, dot mil for military.
 
In terms of SEO it does not matter what domain extension you are using. It can be anything dot com, or dot xyz, search engines treat equally. However, when domains were made they were categorized, for example dot com was for a commercial site, dot org for an organization, dot edu for educational instution etc.
 
Dot-com extension means commercial. Dot-com is the most preferable domain name extension on the internet. Dot com sound very well when a domain name of a website is called.
 

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