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What is the difference?

Exchange Zcash to Litecoin

What do you need to know?

  • ­ The average time for exchanging ZEC to LTC is from 2 to 6 minutes.
  • ­ You need 4 confirmations of the Zcash blockchain for the exchange.

Zcash - the first truly anonymous cryptocurrency

Zcash — a decentralized cryptocurrency developed by Zerocoin Electric Coin Company in 2016. The main feature is the ability to send truly hidden payments, which provide a high level of security and anonymization. Since the Zero-Knowledge protocol is used, the blockchain does not get full open transaction information.

Address Types

There are 2 types of addresses: a z-address, which is protected by a zero-disclosure proof protocol and is anonymous, and a t-address, which is public. Today 95% of ZEC addresses are open.

Transaction processing speed on the Zcash blockchain

ZEC is a relatively fast blockchain. The average formation time of a new block is approximately 2.5 minutes, which is several times faster than Bitcoin. The developers plan to improve the software and even switch to a completely new blockchain in the future, reducing the complexity of mining. This will reduce the time to confirm one transaction to 1-5 minutes.

Commissions on the Zcash blockchain

Cryptocurrency Zcash gained great popularity not only due to anonymity. Many users rated the extremely low commission on transfers. For example, for 2019, it did not exceed $ 0.0007, and the average figure was in the range of $ 0.0001.

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.

exchange in 3 easy steps

  1. Enter the desired amount of Zcash and write your wallet address to receive currency.
  2. Click the "Exchange now" button and you will be taken inside your order.
  3. Send Zcash to the address from your order, after the required network confirmation, Litecoin will be sent instantly.