I need to implement a program in Python that simulates a logic circuit with multiple inputs and outputs. Inside the circuit, there should be various logic blocks such as AND, OR, and time delay blocks (timers). The input data will be represented as binary values (0 or 1) for each input of the circuit. The output data should correspond to the results of processing the input values through the logic blocks.

What is the best way to approach this task in Python? What approaches and libraries can you recommend for simulating logic circuits and processing binary data? I would appreciate any advice, code examples, or relevant resource links.