What is Dash Mining

The Dash blockchain is essentially a decentralized ledger and uses the proof-of-work protocol like Bitcoin and its other contemporaries. Through a method known as 'mining', individuals use powerful computers to decipher and decode difficult computational equations. If the solution that is provided is correct, then they will be allowed to add a new block to the already existing blockchain. After the network authenticates the accuracy and precision of the solution, a new block will be added and the miner will be remunerated with DASH currency as a mining reward. Dash uses the X11 algorithm. Dash was initially launched as 'XCoin 'in January 2014, but the name was soon changed to 'Darkcoin'. Later, Darkcoin was renamed as Dash in March 2015. Around 1.9 million DASH were mined within the first 48 hours of its launch. This is almost 10% of the overall supply of Dash that will ever be issued.