Myriadcoin having symbol XMY is a cryptocurrency developed around the use of multiple Proof-of-work (POW) systems. It was one of the first cryptocurrencies to adopt this concept and currently uses 5 different hashing algorithms to indicate proof-of-work.Myriadcoin was developed to promote the decentralization of cryptocurrency by ensuring that participants in the coin's network would not be limited by their hardware. It achieved this by implementing a system to accept multiple systems of proof-of-work.
It is available for mining by traditional methods (CPU and GPU) as well as specialized mining using ASIC hardware. This multiple hashing algorithm was designed to make Myriad mining fair and accessible to all and to encourage even distribution of coins.
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