Post
Topic
Board Announcements (Altcoins)
Topic OP
[ANN][XMY] Myriad | Multi-Algo, Fair, Secure
by
8bitcoder
on 23/02/2014, 18:01:16 UTC




         


 

 
Here are some selected news items of what have been going on with Myriad recently.

6 MAY 2019
   Core: 0.16.4.1 (maintenance)   GitHub
20 FEB 2019
   Core: 0.16.4.0 (required, algoswap2)   GitHub
29 NOV 2018
   Core: 0.16.3.0 (bech32 support)   GitHub
2 OCT 2018
   Core: 0.14.4.0 (required)   Reddit

Make sure to stop by Reddit for the latest developments.

  


 
What is Myriad?

 
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.
 
A further measure have also been taken to secure the coin. A single algo can only
mine six consecutive blocks. This together with an advanced difficulty calculation
prevents the so called time warp attacks.
 
All of this means that Myriads Multi-Algo POW is more secure than other coins and
offers exceptional 51% resistance.
 
 
Who Controls Myriad?
 
Myriad is much like Bitcoin a community driven project full of volunteers. We have
coders, designers and other professionals helping out. But we also have a bunch of
regular people that help out in any way they can and are an active and valuable
part of the Myriad community.
 
 
What about large changes to Myriad Core, who decides?

For large changes in Core we use what is called mining consensus. For Myriad this
principle actually works because of Myriads decentralised mining. In 2016 we
successfully replaced the Qubit algo in favor of Yescrypt using mining consensus.
And in 2019 we successfully replaced Skein with Argon2D also using mining consensus.
 
 
Why Myriad?

In short: Myriad have a proven track record. It was released in 2014 and
have stood the test of time and have adapted when needed.
  

 

 
Distribution

  • Block Time: 1 minute
  • Current Block Reward: 250 XMY
  • Halving Time: Every 96 week (967680 blocks)
  • Total Coin Supply: About 2 Billion XMY
  • Difficult Adjustment: Every block
  • Fair: Myriad is fairly distributed. No Premine and No ICO

Features

  • Multi-Algo: Scrypt, SHA256D, Yescrypt, Argon2D and Myriad-Groestl
  • Difficulty Separation: Each algorithm has separate difficulty
  • Difficulty Calculation: Geometric average
  • Consecutive Block Limit: 6 Consecutive Blocks
  • AUX-POW: Scrypt and SHA256D
  • Coin Control: Yes
  • Time Warp Proof: Yes

Settings

  • P2P port: 10888
  • RPC port: 10889
  • Configuration file: myriadcoin.conf

How Myriad Multi-Algo works

  • Each proof of work algorithm has its own independent difficulty.
  • Any algorithm can find the next block.
  • All algorithms use the same difficulty adjustment method.
  • On average, each algorithm has the same chance of finding the next block.
  • Each algorithm aims for a block generation time of 5 minutes.
  • Over the five algorithms, a block should be found on average every 60 seconds.


 

  
  
Desktop
 
           
 
Mobile
Other
 
     



 
 


           


           
 
Do you run a Myriad Block Explorer? Let us know and we will add it to the list.
  

  

  
SHA256D          

Scrypt        

Skein                        

Myriad-Groestl        

Yescrypt


Know a good pool, or want your pool listed here? Let us know about it and we'll check it out.