Team and Founders

Myriad was founded by an anonymous developer using the pseudonym 8bitcoder. The project is not operated by a formal company, foundation, or centralized entity.

• No official corporate team or CEO structure

• Development maintained by volunteer developers and miners

• Governance driven by decentralized community consensus

• No institutional investors or strategic partners

Project Vision

Myriad aims to reduce single-hardware dominance in mining and strengthen decentralization across the network. By supporting multiple Proof-of-Work algorithms, ASIC, GPU, and CPU miners can participate under balanced conditions. This structure increases network security and reduces the risk of 51% attacks.

Mining Architecture and Algorithms

Myriadcoin supports mining across multiple hardware types through five distinct algorithms.

• SHA256d

• Scrypt

• Myr-Groestl

• Argon2d

• Yescrypt

• Multi-algorithm design distributes hash power across hardware types

• 51% attack requires dominant hash power across multiple algorithms

• Merge mining supported for SHA256d and Scrypt

• Benefits from Bitcoin and Litecoin network hash rates

Investors and Partnerships

Myriadcoin does not have an official investor list or corporate partnerships.

• No venture capital backing

• No private or public token sales

• Fully community-supported development

How the Project Works

Myriad operates using a Multi-Proof-of-Work consensus model.

• Five mining algorithms supported simultaneously

• Each block can be mined using any algorithm

• Difficulty adjusted independently per algorithm

• Fair competition between ASIC, GPU, and CPU miners

• Strong resistance against 51% attacks

XMY Token Use Cases

XMY is the native asset of the Myriad network and serves multiple purposes.

• Peer-to-peer value transfers

• Mining rewards for securing the network

• Trading and speculative investment

Token Information and Distribution

Myriad (XMY) was launched through a fair distribution model in 2014.

• Total supply: 2 billion XMY

• Circulating supply: 1.89 billion XMY

• Maximum supply: 2 billion XMY

• Block time: 1 minute

• Current block reward: 250 XMY

• Halving interval: Every 96 weeks (967,680 blocks)

• Difficulty adjustment: Every block

• No premine, ICO, or team allocation

Roadmap and Historical Development

• February 2014: Launched as a Zetacoin fork and became the first five-algorithm PoW cryptocurrency

• August 2015: Merge mining enabled for SHA256d and Scrypt

• 2016: Ticker changed from MYR to XMY and Qubit replaced by Yescrypt via mining consensus

• 2018: Longblock implemented through MIP-3 to gradually adjust block time

• 2023–2025: Community initiatives, Myriad Maze game, and educational guides

Ecosystem Overview

The Myriad ecosystem is built around community participation.

• Miners securing the network with different algorithms

• Wallets for storing and managing XMY

• Exchanges where XMY is traded

• Global volunteer community contributing to development

Key Features

• Multi-algorithm PoW support

• Independent difficulty per algorithm

• Geometric average difficulty calculation

• Consecutive block limit: 6

• AUX-POW support for SHA256d and Scrypt

• Coin control functionality

• Time warp attack protection

Official Links

• Website
• Twitter
• Telegram

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The post What is Myriad (XMY) ? appeared first on Coin Engineer.

The aftermath? A dramatic wave of long position liquidations, steep price drops, and renewed fears over stability in the Middle East.

Ethereum Leads Selloff Amid $701M Market Liquidation

According to data from CoinGlass, total crypto market liquidations exceeded $701 million, with $618 million consisting of long positions. In the last 24 hours, Ethereum saw $296 million in liquidations, including $269 million in longs—making it the hardest-hit asset among the top 20 coins.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

thereum fell by 7.4% to $2,260, while Cardano dropped 7.1%. Bitcoin, by contrast, remained relatively stable, down 1.4% at $102,418. Overall, the global crypto market cap fell by 4.4%, reaching $3.25 trillion, according to CoinGecko.

Prediction Markets Turn Bearish on Ethereum and Iran Tensions

On decentralized prediction platform Myriad, user sentiment shifted sharply bearish on Ethereum, with over 70% expecting it to drop below $2,000 by year’s end.

Meanwhile, on Polymarket, odds that Iran will close the Strait of Hormuz before July jumped to 46%, up from just 9% a day earlier. The probability of closure by year-end reached 57%. However, the chance of the United States formally declaring war on Iran remained low at 2%.

The strikes were carried out using B-2 bombers and submarine-launched Tomahawk missiles, targeting enrichment facilities in Fordo, Natanz, and Isfahan. In a national address, President Trump warned that “any retaliation by Iran will be met with force far greater than what was witnessed tonight.”

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The post Crypto Bloodbath: U.S.-Iran Conflict Triggers $701M Liquidations appeared first on Coin Engineer.