Outdoors Network (TON) Foundation may be the latest cryptocurrency company to upgrade its ecosystem with Ethereum Name Service (ENS)-like domains.
The TON Foundation on Thursday announced the launch of TON DNS, a brand new service that enables users to assign human-readable names to crypto wallets, smart contracts and websites.
Much like other popular crypto-related domains like “.eth” or “.crypto” the domain zone for TON DNS is “.ton” and can enable users to gain access to decentralized applications in a great way.
With TON DNS, users can use easy and short domains rather of keying in a lengthy string of letters and figures.
Your own domain name produced while using TON DNS won’t be the nickname but probably unlock a wallet address. The TON Foundation also intends to integrate its TON DNS technology into TON Sites and TON Proxy tools which are likely to launch in Q3 2022.
“A .ton website name, therefore, is a welcome option to centralized domain registries, which be capable of block a website’s domain arbitrarily,” the announcement notes.
With the TON DNS launch, the building blocks announced that it’ll do an auction from the first “.ton” domains on This summer 30. The auction continues to be “designed to become as decentralized as you possibly can, with equal conditions” for those participants, the TON Foundation stated, adding that it’ll be operate on smart contracts for 7 days.
“Notably, coins in the purchase of every domain is going to be taken off circulation — these tokens will be delivered to a good contract that they won’t be able to become withdrawn,” the announcement notes.
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The TON DNS launch carefully follows the TON Blockchain’s integration with mobile and wallet Telegram bots captured. “The launch of TON DNS will simplify how users build relationships the TON blockchain and continuously make TON much more accessible,” the oundation stated.
Based on a comment on Saturday, TON DNS support has additionally been integrated into services such as the Tonkeeper, TON Web Wallet and Tonscan.
This news comes soon after the TON Foundation announced the completing mining Toncoin’s entire issuance of 5 billion tokens on Thursday. The finish of Toncoin mining marked a significant milestone in TON’s distribution, beginning its new trend like a fully proof-of-stake blockchain.
