Myriad (XMY)

Myriadcoin is a cryptocurrency developed around the use of multiple Proof-of-work (POW) systems. It was one of the first cryptocurrencies to adopt this concept and currently uses 5 different hashing algorithms to indicate proof-of-work. Myriad is the first Multi-Algo coin. Correct implementation of Multi-Algo leads to higher security and prevents centralisation of mining power. The algorithms of Myriad have been selected to allow securing the blockchain with a diverse set of hardware. We embrace ASICs, GPUs and CPUs. Decentralisation of mining power is important to keep control of a coin democratic. Other coins have had their mining power become more and more centralised which have already caused problems for bitcoin. The prevention of this is one of Myriads main strengths and innovations. Myriad is also utilizing merged mining (AuxPOW) for Scrypt and SHA256D, which means miners of Bitcoin and Litecoin can help secure Myriads blockchain with no extra cost for them or for Myriad. Myriad gains tremendous in security from this.
Rank
Price $0,00
Market Capitalization $0
24 Hours Volume $0,00
Available Supply 0 XMY
Total Supply 0 XMY
Change (1 Hour) -3.33%
Change (24 Hours) -2.58% (%)
Change (7 Days) -17.77%
Cryptocurrency News
March 26th, 2019

Crypto price aggregator CoinMarketCap says it plans to make a number of changes to address concerns that the site reports fake volume for Bitcoin, Ethereum, XRP and more than 2,000 altcoins.

March 26th, 2019

Increase in the bearish momentum will drop Ethereum price at the demand level of $131 in case $134 price level does not hold. Should the Bulls defend the demand level of $134; the ETH price may roll up towards the supply zone of $140.

March 26th, 2019

As per a press release, a Japanese e-commerce giant Rakuten officially got the registration and approval from Japan’s Financial Services Agency (JFSA) for the Rakuten Wallet, their subsidiary cryptocurrency exchange, which is set to go live in April.

March 26th, 2019

OKEx plans to catch up with Binance by scheduling the launch of its in-house decentralized exchange, DEX, for this June. The DEX will run entirely on OKEx’s own blockchain.

March 26th, 2019

Kintaro Capital is one of the first EU crypto funds who received their license from the Malta Financial Services Authority (MFSA), licensing it as a Private Investment Fund (PIF) for cryptocurrencies and listed equities.

March 25th, 2019

According to the investigation lawyer from global law firm Kober & Kim, Jake Chervinsky, it will take more than a year to understand whether Ripple’s XRP is a security or not. Here’s why.

March 25th, 2019

With the help of Stellar-backed Thunes, Western Union is going to allow its clients to transfer funds directly to mobile wallets globally.

March 25th, 2019

While many use CoinMarketCap as a go-to resource for cryptocurrency market data, roughly 95% of Bitcoin trading volume reported by this website is fake, according to Bitwise Asset Management report.

March 25th, 2019

Banco Santander got confused with XRP and Ripple, and mistakenly announced that they’re using XRP for payments across 19 countries. Later, responding to an XRP enthusiast, the company apologized for providing incorrect information.

March 25th, 2019

In a blog post, Kik Ceo Ted Livingston explained how Facebook’s coin may replace the US dollar as the global reserve currency.