Proposed Myriadcoin changes

posted 3 hours ago author 8bitcoderMyriad - stickied post

Over the last few months various proposals for changes to Myriadcoin were made here, on bct and on irc. After discussion with Myriad members and developers, the following changes to Myriadcoin are proposed:

1 - Implement auxpow and enable for SHA and Scrypt.

This will allow SHA and Scrypt to be merge minable. It increases the security of the block chain by having high difficulties on the ASIC algo's.

2 - Increase block time from 30s to 60s

This will decrease block chain bloat, give transactions more time to propagate in the networks without too much of an increase in confirmation times.

3 - Modify the chain work calculation to use a geometric mean instead of an arithmetic mean across algos.

There are security advantages to using this method, as previously proposed by MentalCollatz.

4 - Reduce block reward

Cut reward from 500 MYR to 50 MYR per block, with the reward increasing by 1 MYR every two years.

This will reduce the current high inflation in Myriad.

Yep my friend

cannot help with coding but i can help with marketing

First idea, I would change the tittle for something like this:

[ANN] [MYR] Myriad | SMS Wallet | 1st Multi-PoW | Bittrex - Cryptsy - Poloniex