On February 23rd, Myriad coin, which is proof of work, was released. It may very well be the most innovative coin of 2014 thus far. How so? Myriad is essentially 5 coins in one. There are 5 separate proof of work algorithms to choose from (Scypt, SHA256D, Qubit, Skein and Groestl). Each algorithm has its own independent difficulty and any algorithm can find the next block. All the algorithms use the same difficulty adjustment method and on average, each algorithm has the same chance of finding the next block.
What this means is that if you're a CPU miner, you can mine Myriad coin in a CPU pool and have about the same chance of finding a block as an ASIC miner in an ASIC pool. Are you a GPU miner? No problem, just change the .conf file and you're off and running.
There was no premine, no instamine, and we're still VERY early in the release (as of this writing, there isn't even a website for Myriad but it is being worked on).
Whereas Vertcoin became well known for figuring out how to EXCLUDE mining hardware, Myriad coin's developer has figured out how to be INCLUSIVE of all forms of mining hardware and keep it fair!
Truly innovative.
Bitcointalk.org thread: https://bitcointalk.org/index.php?topic=483515.0
Exchanges: https://poloniex.com/exchange (which was just added today) and nxt-e.com
Thoughts?