What's new in Timekoin?
1) Election fee to generate currency for servers:
Your server must pay an election fee to all unique generating servers before it can be considered for each election as a new generating peer. This fee is the number of generating servers in total. Example; if 5 servers are generating currency, then each one must be paid 5 TK before the peer election starts. Your server will do this automatically provided you have enough total balance to cover the fee. The election fee now at August 18th 2023 is: 1144 TK.
2) Non generating hours limit extended from 4 hours to 8 hours for generating servers:
The server may continue to generate currency as long as it stays online. If the server does not generate currency for 8 hours, the Timekoin network assumes it has gone offline and the server key will be removed from the Generating Peer List. Once the server comes back online, it will need to be re-elected before generation can begin again.
3) Lifetime generation limit of 100,000 generations per server:
All Timekoin servers have a lifetime generation limit of 100,000 transactions tied to the public key. After this limit is reached, they can not generate currency anymore but can continue to collect fees for network processing like normal. A new server key can be generated to start the process over again if desired. This means that no server is immortal in Timekoin. 100,000 generations is about 5 years of generating currency for a single server with continuous uptime.
Also, check this link for further information about the Timekoin rules/features:
https://timekoin.net/index.php/about
