What is time? Time is absolute or relative?

What is time dilation?

According to definition in ‘Encyclopedia Britannica’, “Time dilation, in the theory of special relativity, the “slowing down” of a clock as determined by an observer who is in relative motion with respect to that clock”.

According to the concept of ‘Time Dilation’, higher ‘velocity’ and ‘gravity’ can slowdown time and change the shape of the Space . The slowdown rate can be measured using atomic clock.

My question is, can higher velocity and gravity affect the functionality of atomic clock?

I am not expert in Physics or Math; I am just curious to know.

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