After receiving quite a few requests to do an article about MyriadCoin, I have found a spare moment to actually get it done. So, here we go!
MyriadCoin is a pretty unique alternate crypto currency. In more than one way, I might add, but you’ll find out what I mean soon enough.
When it comes to creating a “unique” crypto currency, you have the option of either using a brand new algorithm,or combining several algos.
You could even expand on combining several algorithms, by making your crypto currency mintable through all of the algorithms individually.
I probably lost half of you guys now, so allow me to explain a bit more.
MyriadCoin’s Proof-of-Work consists of Scrypt, SHA256D, Qubit,Skein or Groestl. Please note I used the word “or”, not “and” in that sentence.
Each Proof-of-Work algorithm has its own independent difficulty, and each algorithm can find the next block generated through the MyriadCoin network.
More importantly, all algorithms use the same difficulty adjustment method, giving each algorithm the same “chance” to find the next block. Makes sense? Good.
In order to mine with the algorithm of your choice , you have several options : either solo mining through a config file, or join a pool running the algorithm you prefer.
Should you decide to mine through the Qubit, Skein or Groestl algorithm, you will need specific mining software, which are available for both CPU and GPU mining.
As you can see from the above, there is something for everyone, and no reason for anyone not to mine some MyriadCoin.
In case accomplishing all of the above wasn’t good enough for you, MyriadCoin has no less than four different block explorers, and also a paper wallet to safely store your coins.
MyriadCoin can also be traded on a plethora of exchanges, including Poloniex, Mintpal, CoinedUp, Europex, Bittrex, NXT-E, and others.
Oh, and before I forget, each minted block of MyriadCoin holds 1,000 MYR. Not like that should make any difference after reading all of the awesomeness above!