MyriadPrice

(XMY)

Myriad (XMY) is a legacy Proof-of-Work cryptocurrency launched in 2014, famous for its multi-algorithm security. It is entirely distinct from the newer "Myriad" project, which is a prediction market protocol. While some third-party platforms may accidentally group news for both projects together, they use different technologies. XMY operates on its own native blockchain for peer-to-peer payments, whereas the newer project is a DeFi application built on external networks like the BNB Chain.

No, Myriad (XMY) does not have a points system or an airdrop program. These features are exclusive to the newer Myriad prediction market protocol launched in 2025. As a classic Proof-of-Work coin, new XMY tokens are generated only through mining. Users should be careful not to confuse the two projects, as the original XMY is focused on network decentralization and security rather than the incentive-based models common in modern DeFi protocols.

Myriad (XMY) was the first cryptocurrency to implement a multi-algorithm system, utilizing five distinct Proof-of-Work algorithms: Scrypt, SHA256D, Yescrypt, Argon2d, and Myriad-Groestl. Each algorithm operates with its own independent difficulty level and can be mined simultaneously. This design makes the network exceptionally resistant to 51% attacks and prevents centralization by allowing various hardware types—including CPUs, GPUs, and ASICs—to secure the blockchain at the same time.

Merge Mining, or Auxiliary Proof-of-Work (AuxPoW), allows miners of other major coins to secure the Myriad network without requiring additional energy or hardware. For example, miners of SHA256D or Scrypt-based coins can simultaneously mine XMY while mining their primary assets. This provides Myriad with vast amounts of hash power from established networks, significantly enhancing its security and ensuring that the blockchain remains robust against potential network attacks.

Myriad (XMY) features a fixed maximum supply of 2 billion tokens. The project utilizes a halving schedule to manage the issuance of new coins and ensure long-term sustainability. The block reward is reduced by half approximately every 96 weeks, or every 967,680 blocks. This predictable and transparent supply model is a core component of its design, similar to other major Proof-of-Work assets, providing a clear roadmap for token distribution over time.

Myriad (XMY) can be traded on LBank. For secure storage, the official Myriad Desktop Wallet is the recommended standard for users. Additionally, XMY is supported by popular multi-coin wallets like Trust Wallet and Coinomi via manual configuration. For tax reporting, tools like Koinly can be integrated to track transaction history. It is essential to ensure you are using a wallet that supports the native XMY blockchain and not a different network's token to avoid asset loss.