{"id":9882,"date":"2013-04-17T12:25:49","date_gmt":"2013-04-17T17:25:49","guid":{"rendered":"http:\/\/bucktownbell.com\/?p=9882"},"modified":"2013-05-19T23:11:58","modified_gmt":"2013-05-20T04:11:58","slug":"as-bitcoin-soars-in-value-alternative-cryptocurrencies-such-as-litecoin-and-ppcoin-also-climb","status":"publish","type":"post","link":"http:\/\/bucktownbell.com\/?p=9882","title":{"rendered":"As Bitcoin Soars in Value, Alternative Cryptocurrencies, Such as Litecoin and PPCoin, Also Climb"},"content":{"rendered":"<blockquote><p>Bitcoin transactions are verified by the work of software run by other people using the currency, a process that takes on average 10 minutes and can be much longer, an hour in the case of many exchange sites. Lee says that hinders operators of online stores from using the currency. \u201cWith Bitcoin, sometimes merchants are forced to accept unconfirmed transactions because confirmations are way too slow,\u201d he says. \u201cFaster confirmations lead to a more useful currency.\u201d Litecoin transactions are confirmed on average every 2.5 minutes, which Litecoin\u2019s developers say is more practical for businesses.<\/p><\/blockquote>\n<p>via <a href=\"http:\/\/www.technologyreview.com\/news\/513661\/bitcoin-isnt-the-only-cryptocurrency-in-town\/\">As Bitcoin Soars in Value, Alternative Cryptocurrencies, Such as Litecoin and PPCoin, Also Climb | MIT Technology Review<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin transactions are verified by the work of software run by other people using the currency, a process that takes on average 10 minutes and can be much longer, an hour in the case of many exchange sites. Lee says &hellip; <a href=\"http:\/\/bucktownbell.com\/?p=9882\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[742,1107,589,741],"class_list":["post-9882","post","type-post","status-publish","format-standard","hentry","category-business","tag-bitcoin","tag-currency","tag-economics","tag-finance"],"_links":{"self":[{"href":"http:\/\/bucktownbell.com\/index.php?rest_route=\/wp\/v2\/posts\/9882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/bucktownbell.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/bucktownbell.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/bucktownbell.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/bucktownbell.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9882"}],"version-history":[{"count":1,"href":"http:\/\/bucktownbell.com\/index.php?rest_route=\/wp\/v2\/posts\/9882\/revisions"}],"predecessor-version":[{"id":10226,"href":"http:\/\/bucktownbell.com\/index.php?rest_route=\/wp\/v2\/posts\/9882\/revisions\/10226"}],"wp:attachment":[{"href":"http:\/\/bucktownbell.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/bucktownbell.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9882"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/bucktownbell.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}