Dash (DASH) vs Litecoin (LTC) Comparison
Dash (DASH) and Litecoin (LTC) are two of the most popular cryptocurrencies in the market. Both of these cryptocurrencies have been around for a while and have a strong following. In this review, we will compare Dash and Litecoin based on various factors.
History and Background
Dash was created in 2014 as a fork of Bitcoin. It was originally known as Darkcoin and was rebranded to Dash in 2015. The main goal of Dash is to provide users with fast and secure transactions through its unique masternode network. The team behind Dash has been actively developing the cryptocurrency and has added several new features over the years, including InstantSend and PrivateSend.
Litecoin was created in 2011 by Charlie Lee, a former Google engineer. It was created as a fork of Bitcoin, with the aim of improving upon Bitcoin's slow transaction speed and high fees. Litecoin has several key differences from Bitcoin, including a faster block time, a different mining algorithm, and a higher supply limit.
Technology and Features
Dash has several unique features that set it apart from other cryptocurrencies. One of its most notable features is its masternode network, which enables instant transactions and also provides governance for the network. Masternodes are nodes on the Dash network that provide additional services, such as InstantSend and PrivateSend. InstantSend allows for near-instant transactions, while PrivateSend enables users to send transactions anonymously.
Litecoin, on the other hand, is very similar to Bitcoin in terms of its technology and features. However, it has a few key differences, such as a faster block time and a different mining algorithm. Litecoin uses the scrypt mining algorithm, which is designed to be resistant to ASIC mining, making it more accessible to individual miners.
Adoption and Usage
Dash has a strong following and is widely used for online transactions, particularly in Venezuela. Dash has a large number of merchants that accept it as payment, and the cryptocurrency can be used to pay for a variety of goods and services, from airline tickets to online gaming.
Litecoin is also widely used and accepted by merchants, although it is not as widely used as Dash. However, Litecoin has been around for longer than Dash, which means it has had more time to gain adoption and build a strong following.
Price Performance
Both Dash and Litecoin have seen significant price increases over the years. Dash saw a major price spike in 2017, when its price reached an all-time high of over $1,500. However, like most cryptocurrencies, it experienced a significant price correction in the following years. As of May 2023, Dash's price is around $400.
Litecoin has also seen significant price increases over the years, although it has not experienced the same level of volatility as Dash. Litecoin reached an all-time high of over $400 in 2017, and as of May 2023, its price is around $200.
Community and Development
Both Dash and Litecoin have active communities and development teams. Dash has a strong community of supporters, with many developers working on various projects to improve the cryptocurrency. The Dash development team has also been actively working on improving the cryptocurrency's features and usability.
Litecoin also has a strong community and development team, with many developers working on improving the cryptocurrency's technology and features. The Litecoin Foundation, a non-profit organization that supports the development of Litecoin, has also been actively working on various projects to improve the cryptocurrency.
User rating
Cryptogeek rating
About
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Dash was launched in 2014 and changed several names before becoming Dash as we know it today. The initial goal of the project was to create a cryptocurrency network which would operate faster and cheaper than Bitcoin and would be capable to maintain more privacy. Holders of large amounts of Dash have different privileges (Instant Send, Private Send, etc).
Dash is an open-source project. It has its own blockchain. The currency is supported by many crypto wallets and it has gained significant market capitalization. Another great achievement is its numerous partnerships including cooperations with Western Union, web stores, etc.
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Litecoin was created in 2011 by a Google employee Charlie Lee. Currently, this cryptocurrency is one of the largest by market capitalization. Litecoin was created as one of the first forks of the Bitcoin blockchain. Also, it is safe to say that Litecoin is one of the first altcoins. While Bitcoin is based on SHA-256 algorithm, Litecoin utilizes a lighter scrypt algorithm.
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Type
Founding Date
Country
|
International
|
International
|
Languages
Team
Protocol
|
No data
|
Public blockchain
|
Current price (USD)
All-time high (USD)
Price change (24h)
Volume (24h)
|
893977.69446
|
34171300.12742
|
Hashrate
Max Supply
|
18900000.00000
|
84000000.00000
|
Total supply
Circulating Supply
|
12032822.69794
|
75218939.48347
|
Transaction speed / Block time
Transaction fee
Mining profitability
Algorithm
Proof type
Fully premined
Smart contract address
Total coins mined
|
9600464.64037
|
65464957.99676
|
Is trading
Block reward
|
2.884725003193
|
12.500000000000
|
Block time
| Company |
|
|
| User rating |
User rating
4.8 / 5
4 user review
|
User rating
5 / 5
5 user review
|
| Cryptogeek rating |
Cryptogeek rating
4.2 / 5
|
Cryptogeek rating
3.4 / 5
|
| Trust Score
How it works
|
Trust Score
4.32 / 5
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Trust Score
3.98 / 5
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| About |
Dash was launched in 2014 and changed several names before becoming Dash as we know it today. The initial goal of the project was to create a cryptocurrency network which would operate faster and cheaper than Bitcoin and would be capable to maintain more privacy. Holders of large amounts of Dash have different privileges (Instant Send, Private Send, etc).
Dash is an open-source project. It has its own blockchain. The currency is supported by many crypto wallets and it has gained significant market capitalization. Another great achievement is its numerous partnerships including cooperations with Western Union, web stores, etc.
|
Litecoin was created in 2011 by a Google employee Charlie Lee. Currently, this cryptocurrency is one of the largest by market capitalization. Litecoin was created as one of the first forks of the Bitcoin blockchain. Also, it is safe to say that Litecoin is one of the first altcoins. While Bitcoin is based on SHA-256 algorithm, Litecoin utilizes a lighter scrypt algorithm.
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| Type |
Type
coin
|
Type
coin
|
| Founding Date |
Founding Date
2014
|
Founding Date
2011
|
| Country |
Country
International
|
Country
International
|
| Languages |
Languages
No data
|
Languages
No data
|
| Team |
Team
Public
|
Team
Public
|
| Protocol |
Protocol
No data
|
Protocol
Public blockchain
|
| Current price (USD) |
Current price (USD)
27.5873
|
Current price (USD)
84.3354
|
| All-time high (USD) |
All-time high (USD)
1642.2200
|
All-time high (USD)
375.2900
|
| Price change (24h) |
Price change (24h)
-2.28
|
Price change (24h)
-1.55
|
| Volume (24h) |
Volume (24h)
893977.69446
|
Volume (24h)
34171300.12742
|
| Hashrate |
Hashrate
6190000
|
Hashrate
165730
|
| Max Supply |
Max Supply
18900000.00000
|
Max Supply
84000000.00000
|
| Total supply |
Total supply
No data
|
Total supply
No data
|
| Circulating Supply |
Circulating Supply
12032822.69794
|
Circulating Supply
75218939.48347
|
| Transaction speed / Block time |
Transaction speed / Block time
30
|
Transaction speed / Block time
56
|
| Transaction fee |
Transaction fee
No data
|
Transaction fee
No data
|
| Mining profitability |
Mining profitability
low
|
Mining profitability
low
|
| Algorithm |
Algorithm
X11
|
Algorithm
Scrypt
|
| Proof type |
Proof type
PoW/PoS
|
Proof type
PoW
|
| Fully premined |
Fully premined
No data
|
Fully premined
No data
|
| Smart contract address |
Smart contract address
No data
|
Smart contract address
No data
|
| Total coins mined |
Total coins mined
9600464.64037
|
Total coins mined
65464957.99676
|
| Is trading |
Is trading
yes
|
Is trading
yes
|
| Block reward |
Block reward
2.884725003193
|
Block reward
12.500000000000
|
| Block time |
Block time
140
|
Block time
150
|
Social
Website
Twitter
Advantages
|
Strong security
High privacy coin
High speed of transactions
|
Open-source Network
Decentralized
Transactions Fees
|
Disadvantages
|
Decentralization is questionable
|
Has some branding issues
|
Rating
| User rating |
User rating
4.8 / 5
4 user review
|
User rating
5 / 5
5 user review
|
| Cryptogeek rating |
Cryptogeek rating
4.2 / 5
|
Cryptogeek rating
3.4 / 5
|
| Advantages |
Advantages
Strong security
High privacy coin
High speed of transactions
|
Advantages
Open-source Network
Decentralized
Transactions Fees
|
| Disadvantages |
Disadvantages
Decentralization is questionable
|
Disadvantages
Has some branding issues
|
Dash (DASH) user rating is 4.8, based on 4 user reviews. Litecoin (LTC) user rating is 5, based on 5 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each coin.
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Dash (DASH) and Litecoin (LTC) are two of the most popular cryptocurrencies in the market. Both of these cryptocurrencies have been around for a while and have a strong following. In this review, we will compare Dash and Litecoin based on various factors.
History and Background
Dash was created in 2014 as a fork of Bitcoin. It was originally known as Darkcoin and was rebranded to Dash in 2015. The main goal of Dash is to provide users with fast and secure transactions through its unique masternode network. The team behind Dash has been actively developing the cryptocurrency and has added several new features over the years, including InstantSend and PrivateSend.
Litecoin was created in 2011 by Charlie Lee, a former Google engineer. It was created as a fork of Bitcoin, with the aim of improving upon Bitcoin's slow transaction speed and high fees. Litecoin has several key differences from Bitcoin, including a faster block time, a different mining algorithm, and a higher supply limit.
Technology and Features
Dash has several unique features that set it apart from other cryptocurrencies. One of its most notable features is its masternode network, which enables instant transactions and also provides governance for the network. Masternodes are nodes on the Dash network that provide additional services, such as InstantSend and PrivateSend. InstantSend allows for near-instant transactions, while PrivateSend enables users to send transactions anonymously.
Litecoin, on the other hand, is very similar to Bitcoin in terms of its technology and features. However, it has a few key differences, such as a faster block time and a different mining algorithm. Litecoin uses the scrypt mining algorithm, which is designed to be resistant to ASIC mining, making it more accessible to individual miners.
Adoption and Usage
Dash has a strong following and is widely used for online transactions, particularly in Venezuela. Dash has a large number of merchants that accept it as payment, and the cryptocurrency can be used to pay for a variety of goods and services, from airline tickets to online gaming.
Litecoin is also widely used and accepted by merchants, although it is not as widely used as Dash. However, Litecoin has been around for longer than Dash, which means it has had more time to gain adoption and build a strong following.
Price Performance
Both Dash and Litecoin have seen significant price increases over the years. Dash saw a major price spike in 2017, when its price reached an all-time high of over $1,500. However, like most cryptocurrencies, it experienced a significant price correction in the following years. As of May 2023, Dash's price is around $400.
Litecoin has also seen significant price increases over the years, although it has not experienced the same level of volatility as Dash. Litecoin reached an all-time high of over $400 in 2017, and as of May 2023, its price is around $200.
Community and Development
Both Dash and Litecoin have active communities and development teams. Dash has a strong community of supporters, with many developers working on various projects to improve the cryptocurrency. The Dash development team has also been actively working on improving the cryptocurrency's features and usability.
Litecoin also has a strong community and development team, with many developers working on improving the cryptocurrency's technology and features. The Litecoin Foundation, a non-profit organization that supports the development of Litecoin, has also been actively working on various projects to improve the cryptocurrency.
