Sets the timeout parameters for a peer.
Controls how and when a peer will timeout from a failure to acknowledge reliable traffic. Timeout values use an exponential backoff mechanism, where if a reliable packet is not acknowledge within some multiple of the average RTT plus a variance tolerance, the timeout will be doubled until it reaches a set limit. If the timeout is thus at this limit and reliable packets have been sent but not acknowledged within a certain minimum time period, the peer will be disconnected. Alternatively, if reliable packets have been sent but not acknowledged for a certain maximum time period, the peer will be disconnected regardless of the current timeout limit value.