In a bid to boost optimism, the TON blockchain development team has just announced a major update to fix critical vulnerabilities in the network. The Open Network community has officially launched the v2024.10 and FunC 0.4.5 updates, aiming to improve the performance, efficiency, and reliability of the ecosystem.
TON Blockchain Fixes Vulnerabilities, Boosts Market Optimism
According to the latest information on GitHub, the TON blockchain has been updated to v2024.10 and FunC 0.4.5 a few days ago. Notably, the update brings many groundbreaking changes to the Open Network ecosystem. According to the official announcement, the network now has faster synchronization and garbage collection (GC) speeds, which is especially useful for systems using slow disks.
In addition, the ecosystem also recorded a significant reduction in network traffic as the update optimized the amount of data transmitted, helping to improve operational efficiency. At the same time, channel creation and Distributed Hash Table (DHT) lookups became smoother, improving the network’s responsiveness.
In addition, the update also fixed bugs in FunC, improving the execution and correctness of code on the TON blockchain. The release also mentioned minor changes in TVM to enhance the network’s functionality. Overall, the above ecosystem developments, along with other recent updates, have attracted significant market attention to Toncoin in the broader cryptocurrency space.
How will Toncoin price fluctuate?
Notably, Toncoin is currently experiencing a downward trend, in line with the crypto market’s intraday performance. At the time of writing, the TON price is down nearly 2%, trading at $4.83. The lowest and highest prices in the past 24 hours were $4.77 and $4.95, respectively. Toncoin’s weekly price chart shows a 5% decline in value, while the monthly chart shows a 12% decline. However, despite the current downtrend, the market sentiment regarding future movements seems to be changing positively thanks to the latest developments.
