Domain parking refers to the process of acquiring a domain name with the intention of profiting from it by displaying advertisements or redirecting users to related websites. The domain life cycle in the digital world typically consists of registration, usage, renewal, and expiration phases. During the registration phase, a domain is secured, followed by its active usage in websites or other online services. Periodic renewals ensure the domain's availability, and if not renewed, it enters the expiration phase, potentially leading to its release back into the market.