Myriad

Myriad

XMY
$0.000009999

Key Metrics

Price$0.000009999
Real Volume (24H)$0
Marketcap$18,582.83
Fully Diluted ValuationN/A
ATH$0.060926
ATH Date1/6/2018, 3:00:00 AM
ATL$0.000000804957
ATL Date3/28/2020, 6:50:03 AM
Circulating Supply1.8B
Total Supply2B
WebsiteN/A
WhitepaperN/A
Popularity Rank4116
Chart
What is Myriad?

Myriad (XMY) is a decentralized digital currency that enables peer-to-peer transactions over the internet, providing complete control of funds to the users. It is an open-source project driven by the community that aims to make transactions sharing and trading more accessible to everyone.

The platform leverages five proof-of-work algorithms, each best mined using one of the three distinct hardware types, to enhance security and expand the mining base. These algorithms were meticulously chosen by the developers to achieve a unique multi-algorithm approach, which addresses the problems of mining centralization, 51% attacks, and unfair distribution.

Unlike other single algorithm blockchains, an attacker would need to control 51% of the total block generating power across five algorithms to compromise Myriadcoin's security. This makes it more difficult for attackers to manipulate the system, thanks to the decentralized nature of Myriadcoin's mining ecosystem.

The multi-algorithm blockchain is also crucial for maintaining the platform's security and decentralization. It allows the developers to replace mining algorithms transparently and democratically. Once a replacement is made, miners can signal support for the change in the new blocks they generate.

Furthermore, Myriadcoin users can support content creators in the Esperanto community by using the currency for transactions.

Myriadcoin was launched in February 2014 by 8bitcoder. It is a fork of Zetacoin and was fairly launched with no pre-mine or IPO. The total coin supply is about two billion XMY, and the halving time is every 96 weeks. The block time is one minute, and the current block reward is 250 XMY.

Myriad (XMY) offers a unique approach to digital currency by leveraging a multi-algorithm blockchain, which enhances security and decentralization, making it difficult for attackers to compromise the system. Moreover, it provides a way for users to support content creators in the Esperanto community.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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