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AFTER LAUNCHING TON DNS THE TON FOUNDATION WILL CONDUCT AN AUCTION OF THE FIRST “.ton” DOMAIN

AFTER LAUNCHING TON DNS THE TON FOUNDATION WILL CONDUCT AN AUCTION OF THE FIRST “.ton” DOMAIN 

The Open Network (TON) Foundation is the latest cryptocurrency company to upgrade its ecosystem with domain names like Ethereum Name Service (ENS).


The TON Foundation on Thursday announced the launch of TON DNS, a new service that allows users to provide readable names of people on crypto wallets, smart contracts and websites.


Similar to other crypto-related domain names such as ".th" or ".crypto" the TON DNS domain name says ".ton" and will enable users to access separate applications in an easy way.


With TON DNS, users will be able to use simple and short domain names instead of typing long series of letters and numbers.


A domain name created using TON DNS will not only serve as a nickname but will also open a wallet address. The TON Foundation also plans to integrate its TON DNS technology into TON Sites with the TON Proxy tools expected to be launched in Q3 2022.


".Ton domain name, therefore, will be another acceptable option for medium-domain registrars, who have the power to unfairly block a website domain," the announcement noted.


In line with the launch of TON DNS, the foundation announced that it will hold an auction of the first domain names. , said the TON Foundation, adding that it would be run on smart contracts for a period of seven days.


"Significantly, the coins from the sale of each domain will be removed from the roundabout - these tokens will be sent to a smart contract where they cannot be withdrawn," the announcement notes.



The launch of TON DNS closely follows the integration of TON Blockchain with mobile and the Telegram bots port earlier this year. "The introduction of TON DNS will make it easier for users to interact with the TON blockchain and will continue to make TON more accessible," said oundation.


According to Saturday's announcement, support for TON DNS was also integrated into services such as The Tonkeeper, TON Web Wallet and Tonscan.


The news comes shortly after the TON Foundation announced the completion of all Toncoin mines for the issuance of $ 5 billion tokens on Thursday. The end of the Toncoin mines marked a major milestone in the distribution of TON, launching its new era as a full-fledged blockchain.

Source: cointelegraphy




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