[yogi_123rd]

ECM - Engine Control Module = the computer.

Modern Computer controlled ignition systems:

The spark to each cylinder is controlled by the computer(ECM) using one or two sensors. All systems use a Crankshaft Position Sensor (CPS). This is used as a timing signal for number one cylinder and used in determining the engine speed (rpms). A second timing signal is generated from either a Hall Effect distributor or a Camshaft Position Sensor (electronic ignitions systems). The computer must see both signals in order to send a signal to the coil (or coil pack module) in order to send spark to the cyclinder. A problem in either signal typically results in a catch-all malfunction code of "no timing".

A Hall Effect distributor has a rotor and has lobes with magnetized tips instead of cam lobes. As the lobes pass a stationary magnetic pickup sensor, a timing signal is produced that the computer senses. These systems typically use a single high voltage coil for all cylinders.
An electronic ignition system module, have a multi coil pack in the ignition unit. Each coil in the pack is wired to two opposing cylinders (one on a compression stroke, the opposing one on an exhaust stroke). The ECM uses the Camshaft Position Sensor signal to control the electronic ignition module. In many electronic ignition systems, a single signal is used to run two cyclinders. When the coil discharges, electricity will take the path of least resistance. The cylinder on the upstroke with the compressed air-fuel mixture fires rather than the cyclinder on the upstroke exhaust cycle.

The timing advance function is controlled by the computer. It always tries to get the best performance, but is controlled by the oxygen sensors and a knock sensor.

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Notes:
a. You don't seem to be getting a code 11 (no timing) which means the timing sensors seem to be working.
b. You might want to check into obtaining a replacement electronic ignition module at a junkyard. Melting does not sound normal.