TON Foundation launches .ton domain names

The Open Network Foundation (TON) launched .ton domain names as a service. Users will have the first .ton domain up for auction on July 30.

In Web2 we used domain names with .com, .us, .au, .uk and others. As we entered the era of crypto and blockchain, new systems had to be created to tie domain names to the blockchain structure.

Thus, services for crypto-based domains have appeared like .eth, .crypto, .nft, .x, .wallet, .bitcoin, .dao, and more. The basis of this is the Ethereum name service (ENS). With Ethereum Name Service (ENS), users have access to “a distributed, open, Ethereum-based dApp that offers a new naming system where crypto users can convert their long alphanumeric wallet address into human-readable format. ‘man”, said Coinmonk.

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TON, Telegram and ENS benefits

The open network Previously known as Telegram Open Network is a blockchain based network developed by the Telegram team. However, in May 2020, the team pulled out of it due to a lawsuit with the United States Securities and Exchange Commission. In August 2021, the Telegram team transferred domain controllers to the TON Foundation which took more steps to see the network grow.

Prior to the launch of this TON DNS, there were some developments around integrating Blockchain TON with mobile and wallet telegram bots. This was done to facilitate the payment of people on the Telegram platform with the crypto asset, TON tokens.

A few advantages of the development of TON ENS are that users will not need separate addresses for different cryptocurrencies; access to the TON blockchain has been simplified; there will be no need to type a long string of letters and numbers to access a website; integration with Arbor Keeper, TON Web Wallet and tonscan.

According to announcementthe sales proceeds of each domain will be burned so that it is no longer in circulation.

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