Presentation and definition of the crypto currency Myriadcoin (XMY)

Presentation and definition of the crypto currency Myriadcoin (XMY)

  • Name of the crypto-currency : Myriadcoin
  • Acronym : XMY
  • Where to buy Myriadcoin ? Binance
  • Creation Date : February 2014
  • No white paper
  • Web Site Myriadcoin

The retrieval algorithms

Myriadcoin is a virtual currency that uses 5 algorithms for mining ASIC, CPU and GPU. It is algorithms, SHA256d, Myr-Groestl, Skein, Yescrypt, and Scrypt. Myriadcoin and its algorithm mutiple thus allow a very high resistance. Thanks to its multi-algorithm, any person can undermine from his or her computer or even from your smartphone.

The merge mining

Algorithms, SHA256d and Scrypt enable the ” Merge mining “. That is to say that it is possible to undermine several currencies at the same time on his computer without the need to move from one blockchain to another. This has allowed Myriadcoin to take advantage of the hashrate high of other crypto-currencies that use the same algorithms. In summary, the “merge mining” allows you to use the work done for a currency parent (Bitecoin or Litecoin) to validate blocks on the blockchain of Myriadcoin.

Miner Myriadcoin

To begin to undermine the Myriadcoin, it is necessary to download a wallet and a software of mine. Myriad is compatible with several software mining. The user chooses the algorithm he wants to use to undermine in the function of its equipment. There is also the possibility of joining pools to mine.

The project Myriadcoin

Myriad is a fork of Zetacoin. The project was launched in 2014. Myriad claims itself as ” currency for all “. This implies a more equitable distribution, there’s in fact no pre-mine. All users have the same chance to get the chips in the undermining or by purchasing them on an exchange.