Myriad (XMY) was previously known as MyriadCoin with MYR as the name of the token. Myriad (XMY) is an open source crypto currency. It is also a decentralised crypto token. Myriad (XMY) was forked from ZetaCoin. It was forked in the month of February, in the year 2014. The code was released through an open source platform for development. The name of the platform is GitHub.
The most interesting innovation Myriad has done is the ability to mine the crypto coin XMYusing five different Proof of Work hashing algorithms. They are scrypt, SHA-256, Gresti, Skein, and Yescript. Myriad crypto token XMY can also be mined with the traditional and conventional methods such as, with Computer Processing Units and Graphic Processing Units. There are specialised Application Specified Integrated Circuits hardware those also can help in mining Myriad (XMY). The user has the option to choose one method of mining that suits her/him the best. This was also designed to make Myriad mining accessible by all who are interested in mining Myriad (XMY). This multiple hashing algorithm helps in encouraging an even distribution of Myriad crypto coins (XMY). This crypto coin XMY has the block time of 2.5 minutes. The block of Myriad halves every 967680 blocks.
Myriad and its crypto token XMY is a crypto currency with a unique innovation. Myriad is developed around the use of multiple number of Proof of Work (PoW) systems. Myriad (XMY) is the first crypto currency that has adopted such a concept of mining system. Myriad (XMY) presently uses five different hashing algorithms, indicating Proof of Work.
Myriad is a crypto currency promoting the system of decentralisation of crypto currency. This concept guarantees that the participants in the coin network will not have limited participation because of their hardware. This was achieved with implementation of a system of accepting a multiple system of Proof of Work.
The objective of the Myriad project is community driven. Community input has been the major factors while making major decisions. Developers of Myriad used a method that was driven by community in August 2016. This method was called as mining consensus. It replaced the Qubit algorithm. This mining consensus method activated the replacement algorithm. This activation was done by the support of sufficient percentage of the community. And it was done as an upgradation of version.
Myriad (XMY) can be exchanged on the wider market of crypto currency. Myriad can be exchanged on a number of websites. Some transaction services are also developed using Myriad crypto coins. The potential of Myriad (XMY) is really great in future.
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