Myriad has the characteristics of a composite algorithm and is a cryptocurrency that contains 5 algorithms at the same time. Unlike Bitcoin, which can only use SHA256d ASIC mining machine mining, Myriad is compatible with SHA256dASICS, ScryptASICS and other algorithms, and is compatible with GPU and CPU mining.

1. Project introduction

Myriad is a currency that uses multiple algorithms (Multi-Algo). The correct implementation of Multi-Algo results in higher security and prevents concentration of mining rights. Myriad's algorithm has been selected to ensure the security of the blockchain a different set of hardware. We use ASIC, GPU and CPU. The dispersion of mining rights is very important to maintain democratic control of coins. The increasing concentration of mining capabilities of other coins has caused problems for Bitcoin. Prevention is a foolproof main advantage and innovation.

Myriad also applies merge mining of Scrypt and SHA256D (AuxPOW) to which means that Bitcoin and Litecoin miners can help ensure there is no Myriads blockchain for them or Myriad extra fees. Countless security has achieved great success as a result. Further measures have been taken to ensure the safety of the coins. One algorithm can only last six blocks in a row. This, together with advanced difficulty calculations, prevents so-called time-warping attacks. All of this means countless Algo POWs are safer than other coins to provide excellent 51% resistance.

Project Features

Multiple algorithms
Myriad is the first currency to support 5 algorithms, suitable for ASIC, GPU and CPU mining. Currently, these algorithms are composed of SHA256d, Scrypt, Myr-Groestl, Skein and Yescrypt. Myriad's multi-algorithm approach provides 51% excellent resistance as a range of different hardware is required to find 51% of the blocks.

Consolidated Mining
SHA256d and Scrypt algorithms allow for merge mining. This allows Myriad to leverage these algorithms to use the huge hashrate used by the current coins. Merge Mining or AuxPow allows work done with parent coins such as Bitcoin or Litecoin to find valid blocks on the Myriad blockchain.

Assignment
Myriad was released worldwide on February 23, 2014 at 18:30. The first thunder block arrived later 4 minutes, thus confirming that there was no warning. The initial reward is 1,000 RMB, which is halved every 96,768 yuan (about 48 weeks). The total supply is about 2 billion RMB. The target block time is 60 seconds, or 300 seconds per algorithm.

Myriad Multivariate Algorithm

Each proof-of-work algorithm has its own independent difficulties. Any algorithm can find the next block. All algorithms use the same difficulty adjustment method. On average, each algorithm has the same chance to find the next block. The goal of each algorithm is a 5-minute block generation time. Among these five algorithms, an average of one block should be found every 60 seconds.

2. Comment

Colorful coin, the English name is "Myriad", referred to as XMY, also known as XMY coin. It is worth mentioning that it is the first cryptocurrency to support five algorithms and is suitable for ASIC, GPU and CPU mining. Currently, these algorithms are composed of SHA256d, Scrypt, Myr-Groestl, Skein and Yescrypt.

SHA256d and Scrypt algorithms allow merge mining. This also allows Myriad to use these algorithms to use the huge hashrate used by the current coins. Merge Mining or AuxPow allows work done with parent coins such as Bitcoin or Litecoin to find valid blocks on the Myriad blockchain.

Myriad was officially released worldwide at 18:30 on February 23, 2014. The first thunder block arrived later 4 minutes, thus confirming that there was no warning. The earliest reward was 1,000 RMB, which was halved every 96,768 yuan (about 48 weeks). The total amount provided is approximately 2 billion RMB. The target block time is 60 seconds, or 300 seconds per algorithm.

Related links:

http://myriadcoin.org/

https://bihu.com/article/266683

http://myriadcoin.org/?lang=zh_CN