User

Mayank Agarwal

@tooomucha

Network54
Thanks14

Getting out of survival mode, Ether tip jar 0x80820D85EaaA8c32251aA85755468e88aC89cb2a

Bengaluru, India

Software Developer

IIT, Ex-Microsoft

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Answers by Mayank

Hello, i'm trying to understand the underlying technology behind Litecoin? How is this different from the Ethereum network and BTC?
the basic difference between litcoin and any other blockchain like bitcoin and ethereum is the time to generate the block
technically they use different POW(proof of work)
Bitcoin uses the SHA-256 hashing algorithm, which involves calculations that can be greatly accelerated in parallel processing.
Litecoin, however, uses the scrypt algorithm – originally named as s-crypt,
This algorithm incorporates the SHA-256 algorithm, but its calculations are much more serialised than those of SHA-256 in bitcoin.
Scrypt favours large amounts of high-speed RAM, rather than raw processing power alone.
Hope it helps!!
What kind of problems can blockchain solve in education area?
One of the major issue i see is with the flow of information or the authenticity of the information that people provide
i could imagine blockchain for education as the ledger of knowledge
basically, it keeps all the knowledge a user has that could be earned through any educational institute or tan app or informal medium
Quick Poll: Where do you see the price of ETH(ethereum) by the end of 2017?
somewhere around $400 by end of 2017
Are there blockchains to store distributed data like files and videos?
are you looking, BitTorrent kind of P2P network
or IPFS
The IPFS is designed to provide a decentralized alternative to the current http protocol
and there is filecoin blockchain as well, just to store your files and video in distributed network, https://filecoin.io/
you can read here https://filecoin.io/filecoin.pdf, vision of filecoin
Ask Mayank for help