EXCHANGE DASH TO LITECOIN
What do you need to know?
- The average time for exchanging DASH to LTC is from 2 to 6 minutes.
- You need 1 confirmations of the Dash blockchain for the exchange.
Dash is one of the most popular currencies with increased anonymity.
Dash is a blockchain-based cryptocurrency, the distinguishing feature of which is the use of the mechanism for increasing transaction confidentiality, developed in 2014 by Evan Duffield. Initially, the currency was called \”XCoin\”, and after testing and introduction to the masses, it was renamed to \”Darkcoin\”. The current name \”Dash\” cryptocurrency received in March 2015.
Dash Blockchain Transaction Processing Speed
DASH has an Instant Send feature — this development allows payments to be made in seconds. Cryptocurrency exchange using the new technology is slightly more expensive than usual, but this is offset by an accelerated transaction processing mode.
The average formation time for a new block is approximately 2.5 minutes, which is four times faster than on the Bitcoin network.
Dash network fee
The average fee of the network depends on the type of transaction, but on average according to the data for 2019 was $0.0007, which is also an advantage of this cryptocurrency.
Litecoin — Bitcoin\’s first fork
Litecoin — electronic peer-to-peer cryptocurrency, created in 2011 by a former employee of Google and Charlie Lee, when creating the basis was taken the source code of bitcoin (Litecoin is a fork of Bitcoin). In the crypto community, it is often called \”digital silver\”.
The speed and fees of the Litecoin blockchain
Litecoin is considered to be a fast blockchain, the average block exit time is 2.5 minutes.
Today, the average Litecoin transaction fee is 0.00049 LTC, which is approximately $0.03.