[2014-08-30] Amidst a Cryptocurrency Arms Race, "Altcoins" Seek to Replicate Bit

[ganabb]

http://bigthink.com/ideafeed/admidst-a-cryptocurrency-arms-race-altcoins-seek-to-emulate-bitcoin

Jay Su, who runs an online Litecoin exchange, points to the currency's potential for appreciation and its relative ease of production. The process of "mining" bitcoins has become so burdensome for most that many have turned their attention to underrated alternatives. Thus, the rise of altcoins.