TON Foundation launches Ethereum Name Service-like domain names

The Open Community (TON) Basis is the most recent cryptocurrency firm to improve its ecosystem with Ethereum Title Service (ENS)-like domains.

The TON Basis on Thursday introduced the launch of TON DNS, a brand new service that permits customers to assign human-readable names to crypto wallets, sensible contracts and web sites.

Just like different in style crypto-related domains like “.eth” or “.crypto” the area zone for TON DNS is “.ton” and can allow customers to entry decentralized purposes in a easy method.

With TON DNS, customers will be capable to use easy and brief domains as an alternative of typing in a protracted string of letters and numbers.

A site title created utilizing the TON DNS is not going to solely perform as a nickname however may also unlock a pockets tackle. The TON Basis additionally plans to combine its TON DNS expertise into TON Websites and TON Proxy instruments which might be anticipated to launch in Q3 2022.

“A .ton area title, subsequently, will likely be a welcome various to centralized area registries, which have the power to dam an internet site’s area arbitrarily,” the announcement notes.

Along with the TON DNS launch, the inspiration introduced that it’s going to conduct an public sale of the primary “.ton” domains on July 30. The public sale has been “designed to be as decentralized as attainable, with equal situations” for all members, the TON Basis mentioned, including that will probably be run on sensible contracts for a interval of seven days.

“Notably, cash from the sale of every area will likely be faraway from circulation — these tokens will likely be despatched to a wise contract from which they won’t be able to be withdrawn,” the announcement notes.

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The TON DNS launch carefully follows the TON Blockchain’s integration with cell and pockets Telegram bots earlier this yr. “The launch of TON DNS will simplify how customers have interaction with the TON blockchain and can proceed to make TON much more accessible,” the oundation mentioned.

In response to an announcement on Saturday, TON DNS help has additionally been integrated into companies like The Tonkeeper, TON Net Pockets and Tonscan.

The information comes shortly after the TON Basis introduced the completion of mining Toncoin’s total issuance of 5 billion tokens on Thursday. The top of Toncoin mining marked a significant milestone in TON’s distribution, beginning its new period as a completely proof-of-stake blockchain.