Myriad XMY

Pioneer of the multi-algorithm blockchain

Myriad is multi-algo - the first coin to implement 5 simultaneous hash functions.

Proof Type: Proof of Work (PoW) Algorithm: Multiple CMC Rank: 992

USD: $0.0044
1h: ▼0.45% 24h: ▼7.99% 7d: ▼2.1%
BTC: 0.00000011 BTC

All Time High: $0.061 6 years ago
Current price is -93 % from ATH

Market

Cap: $7 869 185
Vol 24h: $32 662 (0.42 %)

Supply

Circulating: 1 785 350 500 XMY (89.3 %)
Total: 2 000 000 000 XMY (100.0%)
Max: 2 000 000 000 XMY

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About Myriad

Myriadcoin is the first coin to implement five different Proof-of-Work hashing alrogithm in the same coin, namely Scypt, SHA256D, Qubit, Skein and Groestl. This multiple hashing algorithm serves to make mining fairer and encourage even distribution. Each algorithm has the same chance of solving the next block and has its own independent difficulty while using the same difficulty adjustment method.

Each algorithm aims for a block generation time of 2.5 minutes. Any existing CPU,GPU and ASIC miners can be used to mine Myriadcoin. Over the five algorithms, a block should be found on average every 30 seconds.

Every 967680 blocks, the block reward halves in order to reduce inflation. Difficulty is adjusted after every block. Myriadcoin was launched on 23 February 2014.

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Twitter Stats

Followers: 18,978
Lists: 196
Favourites: 1245
Update Frequency: 0.4 statuses/day
Created: 10 years ago