Watchout for this crypto - Myriadcoin
Myriadcoin is a rather unique currency that was released in February 2014. Unlike most digital currencies, such as Bitcoin, Dogecoin, or Litecoin, Myriadcoin does not use a single hashing algorithm. It is even different than Darkcoin, and the other X algorithm based cryptocurrencies, as Myriad not only uses 5 different algorithms, but they are all mining concurrently. This feature gives Myriadcoin incredible resilience, and is one of the core features highlighted by it’s proponents.
Each proof of work algorithm has its own independent difficulty.
Any algorithm can find the next block.
All the 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.
Myriadcoin had no premine, has a block reward of 1000 MYR, and it’s maximum possible coin supply is 2 billion.
Specification
Upgraded to Bitcoin 0.11.2 code base
No premine
Proof of Work:
Scrypt, SHA256D, Qubit, Skein or Myriad-Groestl
Block time: 5 minutes per algorithm (60 second average over 5 algos)
Each algorithm has separate difficulty
Block reward halves every 967680 blocks (about 96 weeks)
Block reward: 1000 MYR reducing to 1 MYR ~ 20 years
Total coin supply: About 2 billion MYR
Difficulty adjusts every block
P2P port: 10888
RPC port: 10889
Configuration file: myriadcoin.conf
Coin control features
Time warp mitigation
My thought. The coin has had ups and downs in it’s value, but the unique technological aspects of this currency make it quite valuable. The developers behind Myriadcoin have a clear plan, which is necessary for a cryptocurrency to truly succeed. I cannot say what will happen in the future, but I would suggest keeping an eye on Myriadcoin.
Web address Myriad. http://myriadcoin.org/
Coin can be stored in myetherwallet, jswallet, wimdows and android.
Thanks for your Time