Dash (DASH) बनाम Litecoin (LTC) तुलना Coin

कंपनियों की तुलना करें

Introduction

Among cryptocurrencies with low fees and high-speed payments, Dash (DASH) and Litecoin (LTC) have proved themselves with strong reputations. The two projects followed the basic prototype of Bitcoin with the aims of higher speed and efficiency and usability in everyday payments. In this article, we’ll dive into the Dash vs Litecoin comparison with respect to History, Technology, Security, Usability, and Practical usage in the world. By understanding the differences between the two, users can choose the right currency to match their plans of investments or payments necessity.

Project History and Background

It was created in October 2011 by Charlie Lee, who is a former Google engineer. Litecoin has been termed the “silver to Bitcoin’s gold” and was among the first Bitcoin forked coins out in the market. It was created with the aim of providing quicker payments and having an easy-to-use mining process. Through the years, it has been among the leaders of the highest market cap cryptocurrencies.

Dash began back in January of 2014 as “XCoin,” was re-named to “Darkcoin” and then to “Dash” (from the phrase “Digital Cash”) as its moniker evolved with its goal of becoming a usable payments-focused cryptocurrency. Created by Evan Duffield, Dash was designed to enhance processing time and privacy even beyond what Bitcoin and Litecoin were able to offer.

While Litecoin looked to streamline performance with minimal protocol enhancements, Dash integrated new features early in its development cycle, including its masternode system and voluntary privacy features.

Blockchain Technology and Models of Consensus

Litecoin uses the Proof-of-Work (PoW) system as Bitcoin does but in place of the SHA-256 hashing scheme uses the Scrypt algorithm. Scrypt was chosen specifically so the everyday computer user could participate in mining, but ASICs caught up in the end as well. Litecoin also benefits from SegWit and the Lightning Network, accelerating and expanding the network itself.

Dash also uses Proof-of-Work but enhances it with two-tiered system architecture. The first tier is the same as Bitcoin’s – miners confirm and add blocks to the chain. The second tier is masternodes – special full nodes operating features like InstantSend (near-instant payments) and PrivateSend (coin mixing in transactions). Dash also has the X11 hashing system applied to it, which is made up of 11 different hashing functions and is therefore more energy-friendly.

Hence, while both of them rely on PoW, Dash's dual-layer system includes governance and additional features absent in Litecoin.

Transaction Speed and Fees

Speed and fees are very significant considerations when comparing Dash vs Litecoin.

Its block time is about 2.5 minutes — four times faster than Bitcoin — and its average fees for transacting are kept low. As part of its integration of SegWit and the Lightning Network, Litecoin also offers a scalable method of fast sending and receiving of funds.

Dash is designed to be fast. Its InstantSend verifies payments in the space of seconds via the masternode network, rather than having to wait for the full block confirmations. Normal payments take about 2.5 minutes, but InstantSend puts Dash into the realm of potential payments in real time. There is virtually no fees for the transaction, sometimes less than one cent.

From the point of view of sheer velocity for daily payments, Dash is the superior option, especially for time-sensitive payments, and Litecoin is its more moderate but still rapid counterpart.

Privacy and Anonymous Features

Privacy is where Dash and Litecoin differ the most.

Dash also has PrivateSend as the coin mixing method to conceal the origin of funds. This is voluntary — the users themselves have the choice whether they want regular or private transactions. While PrivateSend is less effective than the privacy of Monero, it does add to the high level of obfuscation desired by those who desire privacy.

Litecoin does not have built-in privacy elements as part of its base layer. Its creators have been exploring the incorporation of the MimbleWimble in the guise of the extension blocks to facilitate secret payments. As of now, privacy is not core to Litecoin’s agenda of action.

Since privacy of the transactions is of utmost priority for you, Dash has evidently more features along this line compared to Litecoin.

Governance and Funding Models

Dash has one of its strong suits as its on-chain governance system. Proposals are voteable by masternodes so the community has the ability to guide funds from the Dash treasury towards development and projects. A portion of the block reward is sent into the treasury and the ecosystem effectively self funds itself.

Litecoin uses the more classical open-source approach to development. There is no treasury and no official voting system. Development is typically managed by the Litecoin Foundation and financed by donations and external funds.

Dash’s organizational system accommodates for flexibility and consistent update funding, whereas Litecoin opted for the more decentralized grassroots development approach.

Real-World Use Cases and Adoption

Litecoin enjoys widespread exchange integration and is widely recognized by merchants globally. Its long-term presence and strong brand identity contribute to its high credibility and high liquidity levels. It is frequently utilized as the Bitcoin test network because of the similarities in its technology, and it is an integral part of the crypto ecosystem as a whole.

Dash places great emphasis on everyday payments in the real world, particularly in those locales with volatile currencies. As an illustrative example, Dash has enjoyed strong adoption in Venezuela where it is utilized for everyday purchases. Dash’s partnering with payment processors and POS solutions reinforces its “digital cash” application.

While Litecoin is readily recognized and integrated into the financial system itself, Dash has proven itself as a legitimate currency in the developing world.

Wallets and Accessibility

Dash and Litecoin are supported by an incredibly wide selection of wallets from smartphone apps and computer clients to web wallets and even hardware wallets (Trezor, Ledger).

It has broader support from the custodial service and the centralized exchanges due to its longer market history and regulatory clarity.

Dash is also widely available, but its privacy-centered attributes have led to delistings from certain exchanges operating with strict regulatory oversight. This affects its availability in certain territories and hinders its development in heavily regulated markets.

For users who desire maximum accessibility and integration, Litecoin could be more convenient, but to facilitate peer-to-peer payments directly, Dash has desirable attributes.

Advantages and Disadvantages

Dash (DASH)

Pros:

InstantSend for rapid payments

PrivateSend for increased privacy

On-chain governance and treasury financing

Cons:

Regulatory challenges resulting from privacy attributes

Less integrated with regard to Litecoin

Masternode system intricacy for regular users

Litecoin (LTC)

Pros:

Swift and economical payments

Mass adoption and wallet integration

Technically reliable and stable

Cons:

Lacks native privacy features

Development is slower-paced compared to newer developments

No on-chain governance or treasury system

Frequently Asked Questions (FAQ)

Is Dash faster than Litecoin?

Yes, especially when using InstantSend. While both have short block times, Dash can confirm transactions in seconds.

What is the best coin for secret transactions?

Dash has built-in opt-in privacy with PrivateSend. Litecoin has no inherent anonymity options.

May I simultaneously mine Litecoin and Dash?

Yes, but they differ in algorithms. Dash uses the X11 and Litecoin uses Scrypt algorithms. You’ll require compatible mining gear for each as well.

Are the two coins usable for payments?

Yes. Both have fast confirmations and minimal fees but Dash is targeting more intensely the real-world, real-time payments.

कंपनी

Cryptogeek उपयोगकर्ता रेटिंग

4.8 / 5 4 उपयोगकर्ता समीक्षाएँ 5 / 5 5 उपयोगकर्ता समीक्षाएँ

Cryptogeek विशेषज्ञ रेटिंग

4.2 / 5 3.4 / 5
4.32 / 5 3.98 / 5

के बारे में

डैश को 2014 में लॉन्च किया गया था और डैश बनने से पहले कई नाम बदल दिए गए थे जैसा कि हम आज जानते हैं । परियोजना का प्रारंभिक लक्ष्य एक क्रिप्टोक्यूरेंसी नेटवर्क बनाना था जो बिटकॉइन की तुलना में तेजी से और सस्ता काम करेगा और अधिक गोपनीयता बनाए रखने में सक्षम होगा । बड़ी मात्रा में डैश के धारकों के पास अलग-अलग विशेषाधिकार हैं (तत्काल भेजें, निजी भेजें, आदि) । डैश एक ओपन-सोर्स प्रोजेक्ट है । यह अपने स्वयं के blockchain. मुद्रा कई क्रिप्टो वॉलेट द्वारा समर्थित है और इसने महत्वपूर्ण बाजार पूंजीकरण प्राप्त किया है । एक और बड़ी उपलब्धि वेस्टर्न यूनियन, वेब स्टोर आदि के साथ सहयोग सहित इसकी कई साझेदारियां हैं ।
Litecoin को 2011 में एक Google कर्मचारी चार्ली ली ने बनाया था। वर्तमान में, यह क्रिप्टोक्यूरेंसी बाजार पूंजीकरण से सबसे बड़ी है। लिटकोइन को बिटकॉइन ब्लॉकचेन के पहले कांटे में से एक के रूप में बनाया गया था। इसके अलावा, यह कहना सुरक्षित है कि Litecoin पहले altcoins में से एक है। जबकि बिटकॉइन SHA-256 एल्गोरिथ्म पर आधारित है, लिटकोइन एक हल्के स्क्रीप्ट एल्गोरिथ्म का उपयोग करता है।

प्रकार

coin coin

संस्थापक तिथि

2014 2011

देश

International International

बोली

कोई आकड़ा उपलब्ध नहीं है कोई आकड़ा उपलब्ध नहीं है

टीम

Public Public

मसविदा बनाना

कोई आकड़ा उपलब्ध नहीं है Public blockchain

वर्तमान मूल्य (USD)

19.8962 86.8555

सभी समय उच्च (USD)

1642.2200 375.2900

मूल्य परिवर्तन (24 h)

-2.50 -1.68

मात्रा (24 ह)

1685132.90793 20123746.64331

घपलेबाज़ी का दर

6190000 165730

अधिकतम आपूर्ति

18900000.00000 84000000.00000

कुल आपूर्ति

कोई आकड़ा उपलब्ध नहीं है कोई आकड़ा उपलब्ध नहीं है

परिसंचारी आपूर्ति

12323847.68294 76039176.98347

लेनदेन की गति / ब्लॉक समय

30 56

लेनदेन शुल्क

कोई आकड़ा उपलब्ध नहीं है कोई आकड़ा उपलब्ध नहीं है

खनन लाभप्रदता

कोई आकड़ा उपलब्ध नहीं है कोई आकड़ा उपलब्ध नहीं है

कलन विधि

X11 Scrypt

प्रमाण प्रकार

PoW/PoS PoW

पूरी तरह से खनन

कोई आकड़ा उपलब्ध नहीं है कोई आकड़ा उपलब्ध नहीं है

स्मार्ट अनुबंध का पता

कोई आकड़ा उपलब्ध नहीं है कोई आकड़ा उपलब्ध नहीं है

कुल सिक्के खनन किए

9600464.64037 65464957.99676

कारोबार किया जा रहा है

yes yes

ब्लॉक इनाम

2.884725003193 12.500000000000

ब्लॉक समय

140 150
कंपनी
Cryptogeek उपयोगकर्ता रेटिंग Cryptogeek उपयोगकर्ता रेटिंग 4.8 / 5 4 उपयोगकर्ता समीक्षाएँ Cryptogeek उपयोगकर्ता रेटिंग 5 / 5 5 उपयोगकर्ता समीक्षाएँ
Cryptogeek विशेषज्ञ रेटिंग Cryptogeek विशेषज्ञ रेटिंग 4.2 / 5 Cryptogeek विशेषज्ञ रेटिंग 3.4 / 5
ट्रस्ट स्कोर यह काम किस प्रकार करता है ट्रस्ट स्कोर 4.32 / 5 ट्रस्ट स्कोर 3.98 / 5
के बारे में
डैश को 2014 में लॉन्च किया गया था और डैश बनने से पहले कई नाम बदल दिए गए थे जैसा कि हम आज जानते हैं । परियोजना का प्रारंभिक लक्ष्य एक क्रिप्टोक्यूरेंसी नेटवर्क बनाना था जो बिटकॉइन की तुलना में तेजी से और सस्ता काम करेगा और अधिक गोपनीयता बनाए रखने में सक्षम होगा । बड़ी मात्रा में डैश के धारकों के पास अलग-अलग विशेषाधिकार हैं (तत्काल भेजें, निजी भेजें, आदि) । डैश एक ओपन-सोर्स प्रोजेक्ट है । यह अपने स्वयं के blockchain. मुद्रा कई क्रिप्टो वॉलेट द्वारा समर्थित है और इसने महत्वपूर्ण बाजार पूंजीकरण प्राप्त किया है । एक और बड़ी उपलब्धि वेस्टर्न यूनियन, वेब स्टोर आदि के साथ सहयोग सहित इसकी कई साझेदारियां हैं ।
Litecoin को 2011 में एक Google कर्मचारी चार्ली ली ने बनाया था। वर्तमान में, यह क्रिप्टोक्यूरेंसी बाजार पूंजीकरण से सबसे बड़ी है। लिटकोइन को बिटकॉइन ब्लॉकचेन के पहले कांटे में से एक के रूप में बनाया गया था। इसके अलावा, यह कहना सुरक्षित है कि Litecoin पहले altcoins में से एक है। जबकि बिटकॉइन SHA-256 एल्गोरिथ्म पर आधारित है, लिटकोइन एक हल्के स्क्रीप्ट एल्गोरिथ्म का उपयोग करता है।
प्रकार प्रकार coin प्रकार coin
संस्थापक तिथि संस्थापक तिथि 2014 संस्थापक तिथि 2011
देश देश International देश International
बोली बोली कोई आकड़ा उपलब्ध नहीं है बोली कोई आकड़ा उपलब्ध नहीं है
टीम टीम Public टीम Public
मसविदा बनाना मसविदा बनाना कोई आकड़ा उपलब्ध नहीं है मसविदा बनाना Public blockchain
वर्तमान मूल्य (USD) वर्तमान मूल्य (USD) 19.8962 वर्तमान मूल्य (USD) 86.8555
सभी समय उच्च (USD) सभी समय उच्च (USD) 1642.2200 सभी समय उच्च (USD) 375.2900
मूल्य परिवर्तन (24 h) मूल्य परिवर्तन (24 h) -2.50 मूल्य परिवर्तन (24 h) -1.68
मात्रा (24 ह) मात्रा (24 ह) 1685132.90793 मात्रा (24 ह) 20123746.64331
घपलेबाज़ी का दर घपलेबाज़ी का दर 6190000 घपलेबाज़ी का दर 165730
अधिकतम आपूर्ति अधिकतम आपूर्ति 18900000.00000 अधिकतम आपूर्ति 84000000.00000
कुल आपूर्ति कुल आपूर्ति कोई आकड़ा उपलब्ध नहीं है कुल आपूर्ति कोई आकड़ा उपलब्ध नहीं है
परिसंचारी आपूर्ति परिसंचारी आपूर्ति 12323847.68294 परिसंचारी आपूर्ति 76039176.98347
लेनदेन की गति / ब्लॉक समय लेनदेन की गति / ब्लॉक समय 30 लेनदेन की गति / ब्लॉक समय 56
लेनदेन शुल्क लेनदेन शुल्क कोई आकड़ा उपलब्ध नहीं है लेनदेन शुल्क कोई आकड़ा उपलब्ध नहीं है
खनन लाभप्रदता खनन लाभप्रदता low खनन लाभप्रदता low
कलन विधि कलन विधि X11 कलन विधि Scrypt
प्रमाण प्रकार प्रमाण प्रकार PoW/PoS प्रमाण प्रकार PoW
पूरी तरह से खनन पूरी तरह से खनन कोई आकड़ा उपलब्ध नहीं है पूरी तरह से खनन कोई आकड़ा उपलब्ध नहीं है
स्मार्ट अनुबंध का पता स्मार्ट अनुबंध का पता कोई आकड़ा उपलब्ध नहीं है स्मार्ट अनुबंध का पता कोई आकड़ा उपलब्ध नहीं है
कुल सिक्के खनन किए कुल सिक्के खनन किए 9600464.64037 कुल सिक्के खनन किए 65464957.99676
कारोबार किया जा रहा है कारोबार किया जा रहा है yes कारोबार किया जा रहा है yes
ब्लॉक इनाम ब्लॉक इनाम 2.884725003193 ब्लॉक इनाम 12.500000000000
ब्लॉक समय ब्लॉक समय 140 ब्लॉक समय 150

सामाजिक

वेबसाइट

www.dash.org litecoin.org

ट्विटर

@Dashpay @LitecoinProject
वेबसाइट वेबसाइट www.dash.org वेबसाइट litecoin.org
ट्विटर ट्विटर @Dashpay ट्विटर @LitecoinProject

लाभ

मजबूत सुरक्षा उच्च गोपनीयता सिक्का लेनदेन की उच्च गति Open-source Network Decentralized Transactions Fees

नुकसान

विकेंद्रीकरण संदिग्ध है Has some branding issues

रेटिंग

Cryptogeek उपयोगकर्ता रेटिंग Cryptogeek उपयोगकर्ता रेटिंग 4.8 / 5 4 उपयोगकर्ता समीक्षाएँ Cryptogeek उपयोगकर्ता रेटिंग 5 / 5 5 उपयोगकर्ता समीक्षाएँ
Cryptogeek विशेषज्ञ रेटिंग Cryptogeek विशेषज्ञ रेटिंग 4.2 / 5 Cryptogeek विशेषज्ञ रेटिंग 3.4 / 5
लाभ लाभ मजबूत सुरक्षा उच्च गोपनीयता सिक्का लेनदेन की उच्च गति लाभ Open-source Network Decentralized Transactions Fees
नुकसान नुकसान विकेंद्रीकरण संदिग्ध है नुकसान Has some branding issues

Dash (DASH) उपयोगकर्ता रेटिंग 4.8 है, जो 4 उपयोगकर्ता समीक्षाओं पर आधारित है। Litecoin (LTC) उपयोगकर्ता रेटिंग 5 है, 5 उपयोगकर्ता समीक्षाओं के आधार पर।

We also calculate the special Cryptogeek TrustScore based on the characteristics of each coin.

हम अपने ट्रस्टस्कोर रेटिंग के आधार पर विजेता चुनते हैं। कृपया याद रखें, यह अभी भी आप पर निर्भर है कि किस कंपनी को चुनना है! हम विश्वास स्कोर की गणना कैसे करते हैं?
ट्रस्ट स्कोर: 4.32 / 5
तुलना करना:
अपनी समीक्षा लिखिए
ट्रस्ट स्कोर: 3.98 / 5
तुलना करना:
अपनी समीक्षा लिखिए
अन्य कंपनियों को चुनें

Conclusion

In the Dash vs Litecoin argument, we could consider the two cryptocurrencies as legitimate digital cash options with pros and cons of their own. Litecoin has the early-mover advantage of having been launched earlier and having broader exchange support and simplicity. Dash, however, brings innovation with its governance, privacy, and live payments. In order to find an extremely accessible, reliable replacement for Bitcoin with strong network support, you can bet on Litecoin. In the event you care most about fast settlement times, voluntary anonymity, and decentralized decision-making, you should go with Dash as the superior option. Ultimately, both projects are continuously evolving and contributing positively to the crypto space.

Introduction

Among cryptocurrencies with low fees and high-speed payments, Dash (DASH) and Litecoin (LTC) have proved themselves with strong reputations. The two projects followed the basic prototype of Bitcoin with the aims of higher speed and efficiency and usability in everyday payments. In this article, we’ll dive into the Dash vs Litecoin comparison with respect to History, Technology, Security, Usability, and Practical usage in the world. By understanding the differences between the two, users can choose the right currency to match their plans of investments or payments necessity.

Project History and Background

It was created in October 2011 by Charlie Lee, who is a former Google engineer. Litecoin has been termed the “silver to Bitcoin’s gold” and was among the first Bitcoin forked coins out in the market. It was created with the aim of providing quicker payments and having an easy-to-use mining process. Through the years, it has been among the leaders of the highest market cap cryptocurrencies.

Dash began back in January of 2014 as “XCoin,” was re-named to “Darkcoin” and then to “Dash” (from the phrase “Digital Cash”) as its moniker evolved with its goal of becoming a usable payments-focused cryptocurrency. Created by Evan Duffield, Dash was designed to enhance processing time and privacy even beyond what Bitcoin and Litecoin were able to offer.

While Litecoin looked to streamline performance with minimal protocol enhancements, Dash integrated new features early in its development cycle, including its masternode system and voluntary privacy features.

Blockchain Technology and Models of Consensus

Litecoin uses the Proof-of-Work (PoW) system as Bitcoin does but in place of the SHA-256 hashing scheme uses the Scrypt algorithm. Scrypt was chosen specifically so the everyday computer user could participate in mining, but ASICs caught up in the end as well. Litecoin also benefits from SegWit and the Lightning Network, accelerating and expanding the network itself.

Dash also uses Proof-of-Work but enhances it with two-tiered system architecture. The first tier is the same as Bitcoin’s – miners confirm and add blocks to the chain. The second tier is masternodes – special full nodes operating features like InstantSend (near-instant payments) and PrivateSend (coin mixing in transactions). Dash also has the X11 hashing system applied to it, which is made up of 11 different hashing functions and is therefore more energy-friendly.

Hence, while both of them rely on PoW, Dash's dual-layer system includes governance and additional features absent in Litecoin.

Transaction Speed and Fees

Speed and fees are very significant considerations when comparing Dash vs Litecoin.

Its block time is about 2.5 minutes — four times faster than Bitcoin — and its average fees for transacting are kept low. As part of its integration of SegWit and the Lightning Network, Litecoin also offers a scalable method of fast sending and receiving of funds.

Dash is designed to be fast. Its InstantSend verifies payments in the space of seconds via the masternode network, rather than having to wait for the full block confirmations. Normal payments take about 2.5 minutes, but InstantSend puts Dash into the realm of potential payments in real time. There is virtually no fees for the transaction, sometimes less than one cent.

From the point of view of sheer velocity for daily payments, Dash is the superior option, especially for time-sensitive payments, and Litecoin is its more moderate but still rapid counterpart.

Privacy and Anonymous Features

Privacy is where Dash and Litecoin differ the most.

Dash also has PrivateSend as the coin mixing method to conceal the origin of funds. This is voluntary — the users themselves have the choice whether they want regular or private transactions. While PrivateSend is less effective than the privacy of Monero, it does add to the high level of obfuscation desired by those who desire privacy.

Litecoin does not have built-in privacy elements as part of its base layer. Its creators have been exploring the incorporation of the MimbleWimble in the guise of the extension blocks to facilitate secret payments. As of now, privacy is not core to Litecoin’s agenda of action.

Since privacy of the transactions is of utmost priority for you, Dash has evidently more features along this line compared to Litecoin.

Governance and Funding Models

Dash has one of its strong suits as its on-chain governance system. Proposals are voteable by masternodes so the community has the ability to guide funds from the Dash treasury towards development and projects. A portion of the block reward is sent into the treasury and the ecosystem effectively self funds itself.

Litecoin uses the more classical open-source approach to development. There is no treasury and no official voting system. Development is typically managed by the Litecoin Foundation and financed by donations and external funds.

Dash’s organizational system accommodates for flexibility and consistent update funding, whereas Litecoin opted for the more decentralized grassroots development approach.

Real-World Use Cases and Adoption

Litecoin enjoys widespread exchange integration and is widely recognized by merchants globally. Its long-term presence and strong brand identity contribute to its high credibility and high liquidity levels. It is frequently utilized as the Bitcoin test network because of the similarities in its technology, and it is an integral part of the crypto ecosystem as a whole.

Dash places great emphasis on everyday payments in the real world, particularly in those locales with volatile currencies. As an illustrative example, Dash has enjoyed strong adoption in Venezuela where it is utilized for everyday purchases. Dash’s partnering with payment processors and POS solutions reinforces its “digital cash” application.

While Litecoin is readily recognized and integrated into the financial system itself, Dash has proven itself as a legitimate currency in the developing world.

Wallets and Accessibility

Dash and Litecoin are supported by an incredibly wide selection of wallets from smartphone apps and computer clients to web wallets and even hardware wallets (Trezor, Ledger).

It has broader support from the custodial service and the centralized exchanges due to its longer market history and regulatory clarity.

Dash is also widely available, but its privacy-centered attributes have led to delistings from certain exchanges operating with strict regulatory oversight. This affects its availability in certain territories and hinders its development in heavily regulated markets.

For users who desire maximum accessibility and integration, Litecoin could be more convenient, but to facilitate peer-to-peer payments directly, Dash has desirable attributes.

Advantages and Disadvantages

Dash (DASH)

Pros:

InstantSend for rapid payments

PrivateSend for increased privacy

On-chain governance and treasury financing

Cons:

Regulatory challenges resulting from privacy attributes

Less integrated with regard to Litecoin

Masternode system intricacy for regular users

Litecoin (LTC)

Pros:

Swift and economical payments

Mass adoption and wallet integration

Technically reliable and stable

Cons:

Lacks native privacy features

Development is slower-paced compared to newer developments

No on-chain governance or treasury system

Frequently Asked Questions (FAQ)

Is Dash faster than Litecoin?

Yes, especially when using InstantSend. While both have short block times, Dash can confirm transactions in seconds.

What is the best coin for secret transactions?

Dash has built-in opt-in privacy with PrivateSend. Litecoin has no inherent anonymity options.

May I simultaneously mine Litecoin and Dash?

Yes, but they differ in algorithms. Dash uses the X11 and Litecoin uses Scrypt algorithms. You’ll require compatible mining gear for each as well.

Are the two coins usable for payments?

Yes. Both have fast confirmations and minimal fees but Dash is targeting more intensely the real-world, real-time payments.