MYRIAD, THE MOTHER OF ALL MULTIALGOS
The year 2018 has surprised us with the outbreak of the cryptocurrency bubble. Actually, the values have become more rational although this has generated some confusion because we were already used to the adrenaline of easy profits. All this seems good to me because it allows us to focus on the essentials: research and discover projects that are really interesting.
If you already know me, you will know that I do not write smoke, only good information. All the crypts I've been showing you are still great.
MYRIAD COIN (XMY) is one of those that you do not have to lose sight of. In the first place for being the Mother of all the Multialgo.
Multialgorithm (multialgo) means that it is built in such a way that it is possible to use different algorithms. And what is that for? Very simple: most cryptocurrencies use a single algorithm and this makes it easier for someone to get a very large slice of the hash rate, that is, the power needed to solve the cryptographic problem and find a block. A group of miners with 51% of the hash rate could take control of a cryptocurrency and promote changes in the code that are favorable to them.
XMY was the first to work with 5 different algorithms which makes it possible to be mined by CPU, GPU or ASIC. In each of these 5 algorithms (Sha256, Scrypt, Yescrypt, Skein and Groestl) the difficulty is calculated independently so that in any of them it is similar. So XMY is a very equitable currency, allowing all the different ways to apply the Proof of Work (PoW) have the same opportunities in relation to the power used. Since the hash rate is distributed among miners using different algorithms, it is exceptionally unlikely that anyone will reach 51%. This means that everyone must agree if they want to make changes to the code. So XMY is very well protected against interested manipulations or 51% attacks. In summary, thanks to the implementation of Multialgo XMY it is much better with the idea of decentralization.
THE ORIGINS
MYRIAD is a fork of Zetacoin (which, in turn, is a fork of Bitcoin). It was officially launched on February 23, 2014 and is the first to functionally implement the Multialgo system. Other currencies subsequently applied this system: Digibyte, Verge, DigitalCoin or Auroracoin, among others. Then, each of these has, of course, followed its own path, but XMY has always been active and supported by a vibrant and enthusiastic community that participates in its development and decision-making.
The design of XMY achieves that the blocks are found fast (every minute) and the difficulty is automatically adjusted in each block. This makes the speed of transactions is spectacular as well as the commissions (fees) in each of them are extraordinarily low.
Therefore, it is a very suitable currency for daily use, whether to transfer large amounts or for micropayments.
Particularly I am not very interested in mining but in the use of cryptocurrencies as means of payment and/or value reserve. Therefore, I am fascinated by all those that have great potential to replace centralized fiat money. And MYRIAD, without a doubt, is among those who have that potential.
MORE TO ITS FAVOR
XMY was born with characteristics that place her on the podium of the most honest of the crypts.
It was not premined. There is no hard core of savvy developers who have reserved a large amount of coins for themselves at the time of launch. That would not be intrinsically bad but in the crypto world not only have to be honest but also look it. That solid foundation is what makes a project survive over time and is not simply a useful development to make a few gold. XMY has been distributed as fair as possible between the currencies based on Proof of Work. All the people who have XMY have obtained it by contributing work or by buying them at the price that the market has determined at each moment.
The development is carried out by volunteers who are part of a very active community. XMY is a project in progress, very solid and well proven, after which there are people looking to do something good. It may seem like romantic nonsense but, believe me, this feeling is very important to talk about something really lasting and useful. It is not a currency that lives to make pumps and dumps while collecting profits.
XMY has not focused on marketing. In fact, this section has been practically nil. And this is also very good, within what fits. MYRIAD is not a famous cryptocurrency nor are too much articles published about it. For this reason, its growth is absolutely organic ... no nonsense. Only development and community.
INTERESTING FEATURES
Total units: 2,000,000,000
Circulating currently: 1,619,185,500
Value at 11/12/2018: 0.002754 USD = 0.00000043 BTC
If we compare the previous figures with one of the coins that were inspired by it, for example the Digibyte (DGB) we will see that DGB plans to put into circulation 21,000,000,000 (10 times more) of which there are currently about 11,000,000,000 circulating. We see that the current DGB value is about 0.019573 USD or 0.00000305 BTC.
That is, you can visualize that the value of XMY is unusually low. So, it is not unreasonable to expect that the price of MYRIAD can arrive, very quietly, at 1000 satoshis or 6 cents of a dollar. That is, a possible (and conservative) revaluation of 3000% in a matter of months.
Therefore, I can and I must recommend that you get some MYRIAD without thinking too much.
Currently you can obtain them (apart from mining) in Bittrex, Litebit and in Cryptopia. On its website you will find links to many types of wallets. You even have an instant wallet accessible with the browser (watch out!, the URL is your password, do not lose it, or export the private key).
OFFICIAL LINKS
Sitio web oficial
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Source Code