The main network of The Open Network (Ton) resumed the production of blocks after a short-term failure that arose due to a technical error in the master of the wizard, which is responsible for organizing and distributing transactions in the blockchain.

The masterchain synchronizes and ensures the correct operation of all the scarns – smaller parallel chains functioning along with the master’s. When a failure occurred in the distribution line, this violated the normal operation of the network.

Ton developers quickly identified the problem and introduced a patch intended only for some main nodes. War -scale intervention was not required, therefore, there were no serious consequences for the network and its users, and the main network resumed work, the developers assured.

Ton Network

Ton is a first -level blockchain originally created by the Telegram team, but now the network is developing with the participation of independent developers. Native cryptocurrency of the network – Toncoin (Ton), which is used to make translations, pay for commissions and participate in the management of blockchain. Ton supports smart contracts and uses the consensus method Proof-OF-Stake (POS). This means that for supporting the network, validators receive a reward.

Last year, OKX Ventures, an investment unit of the OKX crypto account, invested $ 5 million in the Ton Ventures venture fund to speed up the development of The Open Network ecosystem and contribute to the creation of decentralized applications based on this blockchain.

Recently, a detailed material about the prospects of Toncoin, included in twenty cryptocurrencies on market capitalization, has been published on Bits.media.