Aren’t all cryptocurrencies fairly distributed and mined?

When a cryptocurrency is sent the transaction is published to a distributed public ledger, where users are incentivised to verify transactions with their computer processing power in return for a cryptocurrency reward.

Surprisingly most transaction verification for leading cryptocurrency are not done by its users at all. It’s handled entirely by large data centers called mining farms. These farms use specialized hardware called ASICs, which are privately owned and operated by large mining companies and ASIC-manufacturers. Centralized mining power leaves the network vulnerable to manipulation of transaction fees, forced protocol changes and blocking transactions.

Myriad uses a multi-algorithm approach, where no algorithm is rewarded with more than 20% of the coins created. This means that there is no need for expensive equipment. All people can mine and the coins will be fairly distributed. Myriad has no pre-mine or ICO and was fairly launched. Myriad also uses a long mining period, which prevents a large portion of the coins to be consolidated in the hands of very few.