The Open Network (TON) Foundation is the most recent cryptocurrency firm to improve its ecosystem with Ethereum Name Service (ENS)-like domain names.
The TON Foundation on Thursday introduced the launch of TON DNS, a brand new service to permit customers to assign human-readable names to crypto wallets, good contracts and web sites.
Similar to different well-liked crypto-related domain names like “.eth” or “.crypto” the domain zone for TON DNS is “.ton” and can allow customers to entry decentralized functions in a easy manner.
With TON DNS, customers will be capable to use easy and quick domain names as a substitute of typing in a protracted string of letters and numbers.
A domain title created utilizing TON DNS is not going to solely operate as a nickname however may also unlock a pockets handle. The TON Foundation additionally plans to combine its TON DNS expertise into TON Sites and TON Proxy instruments which are anticipated to launch in Q3 2022.
“A .ton domain name, therefore, will be a welcome alternative to centralized domain registries, which have the ability to block a website’s domain arbitrarily,” the announcement notes.
In conjunction with the TON DNS launch, the inspiration introduced that it’s going to conduct an public sale of the primary “.ton” domain names on July 30. The public sale has been “designed to be as decentralized as possible, with equal conditions” for all individuals, the TON Foundation stated, including that it will likely be run on good contracts for a interval of seven days.
“Notably, coins from the sale of each domain will be removed from circulation — these tokens will be sent to a smart contract from which they will not be able to be withdrawn,” the announcement notes.
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The TON DNS launch intently follows the TON Blockchain’s integration with cellular and pockets Telegram bots earlier this 12 months. “The launch of TON DNS will simplify how users engage with the TON blockchain and will continue to make TON even more accessible,” the Foundation stated.
According to an announcement on June 30, TON DNS assist has additionally been built-in into providers like The Tonkeeper, TON Web Wallet and Tonscan.
The information comes shortly after the TON Foundation introduced the completion of mining Toncoin’s whole issuance of 5 billion tokens on June 28. The finish of Toncoin mining marked a serious milestone in TON’s distribution, beginning its new period as a totally proof-of-stake blockchain.
