Hi CentralWare
 ... LOL - and sixty seconds for a network timeout is an eternity!  Except on dial-up and some old forms of single channel DSL!  Or...  "Hang on, maw!  I'm adjusting the satellite dish!"
  Except on dial-up and some old forms of single channel DSL!  Or...  "Hang on, maw!  I'm adjusting the satellite dish!"
If you look at  settime.sh  in isolation, that might be true.
Examined in context, 60 seconds might not be such a bad choice.
Looking in  tc-config  we find this:
        [ -z "$DHCP_RAN" ] && /etc/init.d/dhcp.sh &
        [ -z "$NORTC" ] || /etc/init.d/settime.sh &Both  dhcp  and  settime  are launched into the background at the
same time. So right off the bat we are waiting for  dhcp  to finish.
dhcp  starts with this:
/sbin/udevadm settle --timeout=5So it could wait for up to 5 seconds for  udev.
Then, for each interface it finds, it executes this:
    /sbin/udhcpc -b -i $DEVICE -x hostname:$(/bin/hostname) -p /var/run/udhcpc.$DEVICE.pid >/dev/null 2>&1 &This command has been backgrounded. That may speed things up
since DHCP requests for multiple device will be sent out back to back.
Not being familiar with  udhcpc , I ask for some help. The following
options stood out to me, since they were not specified in the
original command:
tc@E310:~$ udhcpc --help
BusyBox v1.29.3 (2018-12-19 15:29:37 UTC) multi-call binary.
 ----- Snip -----
        -t N            Send up to N discover packets (default 3)
        -T SEC          Pause between packets (default 3)
        -A SEC          Wait if lease is not obtained (default 20)
 ----- Snip -----If I am reading that correctly, in the worst case this would happen:
Time      Action
 00 Send  DHCP  request
 20 Wait 20 Secs for response
 23 Pause for 3 Seconds
 23 Send  DHCP  request
 43 Wait 20 Secs for response
 46 Pause for 3 Seconds
 46 Send  DHCP  request
 66 Wait 20 Secs for responseAnd if  udev  takes the full 5 Secs that's 71 Secs.
To me, this looks like hoping for the best (usual outcome), and
trying to plan for the worst (corner cases).
Since the timeout terminates once the interface is detected, faster
systems won't be impacted by a 60 Sec timeout.