TON Foundation launches Ethereum Name Service-like domain names

Like other crypto-related domain names such as “. eth” and “. crypto”, the domain zone for TONDNS is “. load”. This will permit users to easily access decentralized applications.

The foundation has actually announced that it will hold an auction for the first “. heap” domain in conjunction with the launch of TON DNS. It will happen on July 30, According to the TON Foundation, the auction is “designed to be as distributed as possible with equal conditions for all individuals” and will last for seven days on smart contracts.

The TON Foundation announced Thursday the launch of TON DNS. This new service permits users to appoint human-readable names crypto wallets, wise agreement sites, and smart agreements to their gadgets.

A domain name developed with TON DNS will be utilized as a nickname and will unlock a wallet address. The TON Foundation prepares to integrate its TONDNS innovation into TON Sites, TON Proxy and other tools. These are anticipated to be launched in Q3 2022.

The statement mentions that coins from each domains sale will be taken out of circulation and will be sent out to a smart-contract, from which they will not be withdrawn.

The Open Network Structure (LOT) is the most recent cryptocurrency company that has upgraded its community with Ethereum Name Service domain names.

The announcement specifies that a.ton domain will be an option to central domain registrations, which can obstruct domains arbitrarily.

HEAP DNS will allow users to enter basic domain rather than long strings of numbers and letters.

Similar: The 4-digit ENS domains continue to increase in demand and are in high need

A domain name created with TON DNS will be utilized as a label and will open a wallet address. The TON Foundation prepares to integrate its TONDNS technology into TON Sites, TON Proxy and other tools. It will take place on July 30, According to the TON Foundation, the auction is “developed to be as distributed as possible with equal conditions for all individuals” and will last for 7 days on wise contracts.

Toncoins mining ended on June 28th, marking a substantial turning point in TON circulation.

The TON DNS launch closely matches the integration of TON Blockchain with wallet Telegram bots and mobile previously in the year. The Foundation stated that TON DNS would simplify the way users engage with the TON Blockchain and make TON even easier to gain access to.

A June 30 statement mentioned that TON DNS support was also incorporated into services such as The Tonkeeper, TON Web Wallet, and Tonscan.

This news comes simply a couple of days after the TON Foundation revealed that Toncoin had completed mining its entire issuance (5 billion tokens) on June 28. Toncoins mining ended on June 28th, marking a considerable milestone in TON distribution. This was the start of a new era with a completely proofed-of-stake Blockchain.
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