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MyriadCoin

MyriadCoin (XMY)

$ 0.00
0.51 %
Main info
News
Comments
Markets
Analytics
Market cap
$197.05K
0.51 %
Circulating supply
1,892,739,750 XMY
Total supply
1,892,739,750 XMY
Max. supply
2,000,000,000 XMY

About MyriadCoin

Introduction to Myriad

Myriad is the first Multi-Algo coin. Correct implementation of Multi-Algo leads to higher security and prevents centralisation of mining power.

Diverse Hardware Support

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 and Security

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.

Merged Mining

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.

Key data

updated $0
Market cap$197.05K
Volume 24h$0
Circulating supply1.89B95% of max 2B

MyriadCoin (XMY) is a proof-of-work cryptocurrency that has been around since 2014, making it one of the older survivors in a space where most small coins fade away fast. Its signature idea is multi-algorithm mining: instead of one hashing algorithm, it supports several at once, so people with different hardware — CPUs, GPUs, or ASICs — can all mine the same coin. In plain terms, it's a decentralized digital cash experiment focused on fair, accessible mining rather than hype.

Frequently asked questions

What is MyriadCoin and how is it different from Bitcoin?

MyriadCoin (ticker XMY) is a mineable proof-of-work cryptocurrency launched in 2014. Its main difference from Bitcoin is multi-algorithm mining: while Bitcoin runs on a single algorithm dominated by specialized ASIC hardware, MyriadCoin accepts several algorithms simultaneously, which keeps mining open to a wider variety of equipment and spreads hash power across different miner communities.

How does MyriadCoin's consensus and mining work?

MyriadCoin uses proof-of-work, but with a twist — multiple hashing algorithms run in parallel, and each algorithm gets an equal chance to mine the next block. This 'multi-pool' approach prevents any single hardware type from taking over the network, improving decentralization and resistance to 51% attacks compared to single-algorithm chains.

How is XMY issued and what is the supply model?

New XMY coins enter circulation only through block rewards earned by miners — there was no premine or ICO. Like Bitcoin, the reward halves periodically, gradually slowing down emission until the maximum supply is reached. The details of current reward size are best checked in live network statistics, as they change with each halving.

How can I store and use MyriadCoin?

XMY can be stored in the official MyriadCoin wallet, available from the project's site at myriadcoin.org, and in third-party wallets that support the coin. As a fairly small-cap coin, it trades on a limited number of exchanges, so availability varies — always verify current listings and use only official sources to download wallet software to avoid fake apps.