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time_iota_ms is intended to ensure that an honest validator always generates timestamps with time increasing monotonically. For this purpose, it always suffices to have this parameter set to `1ms`. Allowing users to choose different numbers increases bug surface area. Thus the code now ignores the user provided time_iota_ms parameter (marking it as unused), and uses 1ms internally.
Consensus
See the consensus spec and the reactor consensus spec for more information.