What is Dogecoin?

Dogecoin is a decentralized Internet currency for settlements between network users. The token is developed on the Scrypt algorithm, based on the fork of the LTC coin, called Luckycoin.

The processing speed of transactions in the Dogecoin blockchain

One of the advantages of Doge is the very fast transaction processing speed compared to other cryptocurrencies. This is due to relatively simple mining, which allows for faster block processing. The block is created once a minute, that is, 2.5 times faster than LTC.

To make an exchange, 4 confirmations are required.

Dogecoin network fee

Dogecoin has one of the lowest fee rates, while it practically does not change even when transferring large amounts. The average commission is no more than $0.01.

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.