Why Myriad is an Undervalued Coin!

A largely unknown low-marketcap coin is Myriad (XMY). This coin has been around 2014 and it’s main focus is to be a decentralized currency. It’s similar to other projects like Vertcoin (VTC) in terms of its end goal.

Some of the important features of Myriad are:

Average block time of 60 seconds. The first block reward was 1000 XMY, halving every 967,680 blocks (approx. every 48 weeks). The final total supply is 2 billion XMY.

No pre-mine. Myriad has been mined since February 2014.

Myriad is the first currency to support 5 algorithms, catering for ASIC, GPU and CPU mining. Currently, those algorithms consist of SHA256d, Scrypt, Myr-Groestl, Skein and Yescrypt. Myriad's multi algorithm approach offers exceptional 51% resistance because a range of different hardware is needed to find 51% of the blocks.

Myriad’s SHA256d and Scrypt algorithms allow for merge mining or AuxPoW. This means that the hasing power used for a parent coin such as Bitcoin or Litecoin could be used to find valid blocks on Myriad’s blockchain.

Largely community-driven. No “lead developer” or centralized point of focus.

The 5-algorithm approach is a unique one. Each type of hashing algorithm aims to support a different segment of miners. Each block of the XMY ledger can be from any of the 5 algorithms, but there is a limit on the number of blocks from one algorithm in a row. The difficulty of each algorithm is adjusted to an average 300 seconds. 300 seconds divided by 5 algorithms gives you the average block time of 60 seconds.

To perform a 51% attack, you would need 51% of each of 5 different types of hardware. This makes it much more difficult to perform a 51% attack on the network. This makes XMY one of the most decentralized currencies out there.

Seven reasons I'm pro Myriad (XMY)!

Why Myriad is an Undervalued Coin!

Some of the important features of Myriad are:

Disclaimer: This is my personal opinion and not investment advice. I am currently invested in Myriad (XMY)