TIME Coin Documentation

Welcome to the TIME Coin documentation. TIME is a revolutionary cryptocurrency featuring 24-hour blocks, instant transaction finality, and a purchase-based minting model with no pre-mine.

Quick Start

TIME Coin is currently in active development. Here's what you can do now and what's coming soon:

Available Now

Download and test the wallet in development mode:

# Clone the repository
git clone https://github.com/time-coin/time-coin.git
cd time-coin

# Build from source
cargo build --release

# Run tests
cargo test

Coming Soon (Testnet Launch)

Want to stay updated? Join our community channels to be notified when testnet launches!

Installation

System Requirements

Install from Source

# Clone repository
git clone https://github.com/time-coin/time-coin.git
cd time-coin

# Install Rust (if not installed)
curl --proto '=https' --tlsv1.2 -sSf https://sh.rustup.rs | sh

# Build
cargo build --release

# Run tests
cargo test

# Install
cargo install --path .

Architecture Overview

TIME coin uses a unique architecture that separates transaction finality from block production:

Key Components

• 24-Hour Blocks: Periodic immutable checkpoints, not transaction gatekeepers
• Masternode Network: Byzantine Fault Tolerant consensus for instant validation
• Purchase System: Crypto-to-TIME conversion with no pre-mine
• State Management: Real-time UTXO tracking for instant finality

24-Hour Block System

How It Works

Unlike traditional blockchains where blocks dictate transaction finality, TIME separates these concerns:

1. Transaction Submission: User broadcasts transaction to network
2. Instant Validation: Masternodes validate via BFT consensus (<5 seconds)
3. Immediate Finality: Transaction is spendable immediately after consensus
4. 24-Hour Checkpoint: All transactions bundled into daily immutable block

Block Structure

Block {
    version: u32,
    timestamp: i64,           // Unix timestamp
    previous_hash: Hash,
    merkle_root: Hash,
    transactions: Vec<Tx>,
    masternode_signatures: Vec<Signature>,
    block_reward: u64,
}

Block Schedule

Blocks are produced at 00:00:00 UTC daily. The window for block production is 5 minutes, allowing for network synchronization.

Transactions

Transaction Types

Creating a Transaction

// Send TIME to another address
time-wallet send \
  --to TIME1recipient... \
  --amount 100 \
  --fee 0.01

// Output:
// Transaction ID: 0xabc123...
// Status: Confirmed (2.3 seconds)
// Fee: 0.01 TIME

Transaction Finality

Consensus Mechanism

Byzantine Fault Tolerant (BFT)

TIME uses a practical BFT consensus among masternodes:

1. Proposal: Transaction broadcast to all masternodes
2. Pre-vote: Masternodes validate and pre-vote
3. Commit: If 2/3+ pre-vote YES, masternodes commit
4. Finality: Transaction finalized with 2/3+ commits

Security Properties

• Tolerates up to 1/3 malicious masternodes
• No double-spend possible after finality
• Deterministic finality (no probabilistic confirmation)
• Sybil-resistant through stake requirements

Masternode Overview

Three-Tier System

Responsibilities

• Validate incoming transactions
• Participate in BFT consensus rounds
• Maintain network connectivity
• Vote on governance proposals (Tier 2+)
• Produce daily blocks (selected randomly)

Rewards Distribution

Daily Rewards Pool:
├─ 40% from purchase fees
├─ 40% from transaction fees  
└─ 20% from block rewards

Distribution:
├─ 50% to Tier 3 nodes
├─ 30% to Tier 2 nodes
└─ 20% to Tier 1 nodes

(Weighted by stake and uptime)

Masternode Setup Guide

Prerequisites

• 1,000+ TIME tokens (locked)
• Linux server with public IP
• 4GB RAM, 2 vCPU, 50GB storage
• Port 17575 open (default)

Step-by-Step Setup

1. Prepare Server

# Update system
sudo apt update && sudo apt upgrade -y

# Install dependencies
sudo apt install -y build-essential git curl

# Create user
sudo useradd -m -s /bin/bash timecoin
sudo su - timecoin

2. Install TIME Node

# Download binary
wget https://github.com/time-coin/releases/latest/time-node

# Make executable
chmod +x time-node

# Move to bin
sudo mv time-node /usr/local/bin/

3. Configure Masternode

# Generate masternode key
time-node masternode genkey

# Output: 5JX7YourMasternodeKey...

# Create config file
cat > ~/.timecoin/time.conf << EOF
rpcuser=timerpc
rpcpassword=YOUR_SECURE_PASSWORD
rpcport=17576
port=17575
masternode=1
masternodekey=5JX7YourMasternodeKey...
externalip=YOUR_SERVER_IP
EOF

4. Lock Collateral

# In your wallet (local computer):
time-wallet masternode lock \
  --tier 1 \
  --address TIME1your_address...

# This locks 1,000 TIME and generates proof

5. Start Masternode

# On server:
time-node --daemon

# Check status:
time-node masternode status

# Expected output:
# Status: Enabled
# Tier: 1
# Uptime: 99.8%
# Next Payment: ~2.3 hours

Monitoring

# Check earnings
time-node masternode earnings

# View logs
tail -f ~/.timecoin/debug.log

# Test connectivity
time-node masternode ping

Masternode Rewards

Reward Calculation

Your daily reward depends on:

• Tier: Higher tiers earn more
• Uptime: Minimum 95% for full rewards
• Network Activity: More transactions = higher pool
• Total Masternodes: Rewards split among active nodes

Example Calculations

Slashing Conditions

Wallet Setup

Installation (Coming Soon)

# Download for your platform
# Linux:
wget https://timecoin.io/downloads/time-wallet-linux
chmod +x time-wallet-linux
./time-wallet-linux

# macOS:
brew install timecoin/tap/time-wallet

# Windows:
# Download .exe from https://timecoin.io/download

Create New Wallet

time-wallet create

# Follow prompts:
# 1. Set strong password
# 2. Write down 12-word seed phrase
# 3. Confirm seed phrase
# 4. Wallet created!

Import Existing Wallet

time-wallet restore

# Enter your 12-word seed phrase
# Set new password
# Wallet restored!

Buying TIME

Planned Supported Cryptocurrencies

When launched, TIME will be purchasable with:

• Bitcoin (BTC)
• Ethereum (ETH)
• USDC (ERC-20 or native)
• USDT (ERC-20 or TRC-20)

How It Will Work (Coming Soon)

# 1. Initiate purchase
time-wallet purchase init \
  --amount 1000 \
  --crypto USDC

# Output:
# Purchase ID: PUR_abc123
# Send exactly: 5000.00 USDC
# To address: 0x1234...abcd
# Expires in: 30 minutes

# 2. Send crypto to provided address
# (Use your existing BTC/ETH/USDC wallet)

# 3. Check status
time-wallet purchase status --id PUR_abc123

# 4. Receive TIME (3-15 minutes)
# Your wallet will automatically credit

Planned Distribution Breakdown

For every 1000 TIME purchased ($5,000 at $5/TIME):

User Receives:    900 TIME (90%)
Masternode Pool:   80 TIME (8%)
Development:       20 TIME (2%)
──────────────────────────────
Total Minted:   1,000 TIME

Price Discovery

TIME price is determined by:

• Oracle aggregation from 5+ sources
• Weighted average of last 100 purchases
• Updated every 5 minutes
• 2% slippage protection

Sending TIME

Basic Transfer (Coming Soon)

time-wallet send \
  --to TIME1recipient_address \
  --amount 100 \
  --fee auto

# Transaction confirmed in ~3-5 seconds

Advanced Options

# Send with custom fee
time-wallet send \
  --to TIME1recipient... \
  --amount 100 \
  --fee 0.05

# Send with memo
time-wallet send \
  --to TIME1recipient... \
  --amount 100 \
  --memo "Payment for services"

# Send to multiple recipients
time-wallet send-many \
  --recipients recipients.json

API Reference

REST API Endpoints (Planned)

Get Account Balance

GET /api/v1/account/{address}/balance

Response:
{
  "address": "TIME1abc...",
  "balance": "1234.567890",
  "locked": "1000.000000",
  "available": "234.567890"
}

Submit Transaction

POST /api/v1/transaction/submit

Body:
{
  "from": "TIME1abc...",
  "to": "TIME1xyz...",
  "amount": "100.00",
  "fee": "0.01",
  "signature": "0x..."
}

Response:
{
  "tx_id": "0xabc123...",
  "status": "confirmed",
  "finality_time": 3.2
}

Get Block Info

GET /api/v1/block/{height}

Response:
{
  "height": 1234,
  "hash": "0xabc...",
  "timestamp": 1704153600,
  "tx_count": 5420,
  "total_fees": "54.20"
}

WebSocket API

// Connect to WebSocket
const ws = new WebSocket('wss://api.timecoin.io/ws');

// Subscribe to new transactions
ws.send(JSON.stringify({
  action: 'subscribe',
  channel: 'transactions'
}));

// Receive real-time updates
ws.onmessage = (event) => {
  const tx = JSON.parse(event.data);
  console.log('New transaction:', tx);
};

SDK

JavaScript/TypeScript (Coming Soon)

npm install @timecoin/sdk

import { TimeClient, Wallet } from '@timecoin/sdk';

// Initialize client
const client = new TimeClient({
  network: 'mainnet',
  apiKey: 'your_api_key'
});

// Create wallet
const wallet = Wallet.fromSeed('your twelve word seed phrase...');

// Send transaction
const tx = await wallet.send({
  to: 'TIME1recipient...',
  amount: '100.00',
  fee: '0.01'
});

console.log('Transaction:', tx.id);

Python

pip install timecoin

from timecoin import TimeClient, Wallet

# Initialize
client = TimeClient(network='mainnet')
wallet = Wallet.from_seed('your twelve word seed...')

# Send transaction
tx = wallet.send(
    to='TIME1recipient...',
    amount='100.00',
    fee='0.01'
)

print(f'Transaction: {tx.id}')

Rust

cargo add timecoin-sdk

use timecoin_sdk::{Client, Wallet};

#[tokio::main]
async fn main() {
    let client = Client::new("mainnet");
    let wallet = Wallet::from_seed("your twelve word seed...");
    
    let tx = wallet.send(
        "TIME1recipient...",
        100.0,
        0.01
    ).await?;
    
    println!("Transaction: {}", tx.id);
}

Contributing

Development Setup

# Clone repository
git clone https://github.com/time-coin/time-coin.git
cd time-coin

# Install Rust
curl --proto '=https' --tlsv1.2 -sSf https://sh.rustup.rs | sh

# Install dependencies
cargo build

# Run tests
cargo test

# Run linting
cargo clippy

# Format code
cargo fmt

Pull Request Process

1. Fork the repository
2. Create feature branch: git checkout -b feature/my-feature
3. Make changes and add tests
4. Run cargo test and cargo clippy
5. Commit: git commit -m "Add my feature"
6. Push: git push origin feature/my-feature
7. Open Pull Request on GitHub

Made with ⏰ by the TIME Coin community • GitHub • Back to Home