Specifications No premine Proof of Work: Scypt, SHA256D, Qubit, Skein or Groestl Block time: 2.5 minutes per algorithm (30 second average over 5 algos) Each algorithm has separate difficulty Block reward halves every 967680 blocks (about 48 weeks) Initial block reward: 1000 MYR Total coin supply: About 2 billion MYR (after about 10 years) Difficulty adjusts every block P2P port: 10888 RPC port: 10889 Configuration file: myriadcoin.conf
How it works Each proof of work algorithm has its own independent difficulty. Any algorithm can find the next block. All the algorithms use the same difficulty adjustment method. On average, each algorithm has the same chance of finding the next block. Each algorithm aims for a block generation time of 2.5 minutes. Over the five algorithms, a block should be found on average every 30 seconds.