Benefits of Being a TimeNode

Earn ETH Bounties By Executing Scheduled Transactions

The Ethereum Alarm Clock is a scheduling protocol which allows people to schedule transactions to execute at a specific time in the future.

The Ethereum Alarm Clock allows a person to contribute to an ICO, pay employees, and pay for services in advance.

The major advantage of the Ethereum Alarm Clock over centralized options is that it is not vulnerable to central points of failure such as power outages. The Ethereum Alarm Clock is a decentralized and trustless protocol which uses cryptoeconomic incentives to motivate various “TimeNodes” to execute the transactions for other parties. These “TimeNodes” earn ETH bounties for successfully executing transactions for others at the appropriate time.

Unlike mining, a TimeNode doesn’t need any dedicated equipment besides a smart phone or a laptop running Chrome and MetaMask.

You can also use a Mac, Linux, or Windows desktop app. As long as one has 333 ChronoLogic DAY tokens and a small amount of ETH, they can run a TimeNode and begin to earn bounties.

The Ethereum Alarm Clock is currently undergoing a security audit.

Once the audit is complete, and the smart contracts are verified to be secure, MyCrypto.com is going to launch it’s “Send Later” option using the Ethereum Alarm Clock. The demand for TimeNodes will begin at that time.

If you are interested in becoming a TimeNode, check out the tutorial below:

Once you are comfortable in the test environment, you’ll be ready to execute transactions for others and earn ETH bounties once the main net is launched.

If you already own 333 DAY Tokens or a TimeMint, now is the perfect time to get prepared to be a TimeNode. To see our Developer Logan explain the TimeNode architecture and go through part of the signing process, you can watch this webinar.

To contribute to Ethereum Alarm Clock development, go to our Github.

You can discuss TimeNodes with other ChronoLogic community members on Telegram and Twitter.