{"id":1145,"date":"2017-02-20T20:24:21","date_gmt":"2017-02-20T20:24:21","guid":{"rendered":"https:\/\/blogs.scu.edu\/finis\/?p=1145"},"modified":"2017-02-20T20:24:21","modified_gmt":"2017-02-20T20:24:21","slug":"blocking-times-versus-bitcoin","status":"publish","type":"post","link":"https:\/\/blogs.scu.edu\/finis\/2017\/02\/20\/blocking-times-versus-bitcoin\/","title":{"rendered":"Blocking times versus Bitcoin"},"content":{"rendered":"<p>As the awareness and interest of people are increasing every day in \u00a0cryptocurrency, there are more new cryptocurrency that are growing in the market. Most of these currencies are overcoming the challenges that are faced by Bitcoins. The major challenge experienced by bitcoin is the average time of 10 min before a transaction receives a network confirmation. There are projects focusing directly on time reduction of transactions. But the question comes how will this impact the use of bitcoin. The availability\u00a0of bitcoins is already fixed, as it is generated by the mathematical algorithm, it was predicted that these currency are likely to take the rise at the time the bitcoin circulation slows down. But the way these currencies are coming with a fastest transaction time\u00a0they have already captured a huge market.Ripple one of the Cryptocurrency has the transaction time of 3.5 seconds and also trying to collaborate with the financial institution.In my Opinion, with this type of rapid growth ,circulation of bitcoin is expected to decline and people who have stuck their money in the bitcoin might experience exponential loss in their investment.<\/p>\n<p>Reference:<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"tr0mrAWGdP\"><p><a href=\"https:\/\/themerkle.com\/4-cryptocurrencies-with-much-faster-block-times-than-bitcoin\/\">4 Cryptocurrencies With Much Faster Block Times Than Bitcoin<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;4 Cryptocurrencies With Much Faster Block Times Than Bitcoin&#8221; &#8212; The Merkle News\" src=\"https:\/\/themerkle.com\/4-cryptocurrencies-with-much-faster-block-times-than-bitcoin\/embed\/#?secret=FrjHADDMq1#?secret=tr0mrAWGdP\" data-secret=\"tr0mrAWGdP\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the awareness and interest of people are increasing every day in \u00a0cryptocurrency, there are more new cryptocurrency that are growing in the market. Most of these currencies are overcoming the challenges that are faced by Bitcoins. The major challenge experienced by bitcoin is the average time of 10 min before a transaction receives a &hellip; <a href=\"https:\/\/blogs.scu.edu\/finis\/2017\/02\/20\/blocking-times-versus-bitcoin\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Blocking times versus Bitcoin<\/span><\/a><\/p>\n","protected":false},"author":1856,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-1145","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":1,"qubely_featured_image_url":null,"qubely_author":{"display_name":"ritikahuria","author_link":"https:\/\/blogs.scu.edu\/finis\/author\/ritikahuria\/"},"qubely_comment":1,"qubely_category":"<a href=\"https:\/\/blogs.scu.edu\/finis\/category\/uncategorized\/\" rel=\"category tag\">Uncategorized<\/a>","qubely_excerpt":"As the awareness and interest of people are increasing every day in \u00a0cryptocurrency, there are more new cryptocurrency that are growing in the market. Most of these currencies are overcoming the challenges that are faced by Bitcoins. The major challenge experienced by bitcoin is the average time of 10 min before a transaction receives a&hellip;","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/1145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/users\/1856"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/comments?post=1145"}],"version-history":[{"count":1,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/1145\/revisions"}],"predecessor-version":[{"id":1153,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/1145\/revisions\/1153"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/media?parent=1145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/categories?post=1145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/tags?post=1145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}