Ignis IGNIS to Myriad XMY Exchange

Crypto Pair Details: IGNIS to XMY

Ignis IGNIS

Jelurida is developing its next generation scalable blockchain platform – Ardor, currently running on a testnet. The unique design of this platform allows the simultaneous existence of multiple blockchains, known as child chains, with many features and with their security guaranteed on a global level by the parent Ardor chain. The first child chain of Ardor will be the Ignis child chain which will use IGNIS tokens for its operation. All existing and well tested Nxt blockchain features will be available on the Ignis child chain, with multiple Ardor platform specific enhancements being added.

Myriad XMY

Myriadcoin is the first coin to implement five different Proof-of-Work hashing alrogithm in the same coin, namely Scypt, SHA256D, Qubit, Skein and Groestl. This multiple hashing algorithm serves to make mining fairer and encourage even distribution. Each algorithm has the same chance of solving the next block and has its own independent difficulty while using the same difficulty adjustment method. Each algorithm aims for a block generation time of 2.5 minutes. Any existing CPU,GPU and ASIC miners can be used to mine Myriadcoin. Over the five algorithms, a block should be found on average every 30 seconds. Every 967680 blocks, the block reward halves in order to reduce inflation. Difficulty is adjusted after every block. Myriadcoin was launched on 23 February 2014.

SOURCE: COINGECKO

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