Review on Mithril by Aiden Burne

Name: Mithril
Item: Mithril
Rating: 5

August 28, 2018

Mithril aims to combine the popularity of social media with cryptocurrency and…

Mithril aims to combine the popularity of social media with cryptocurrency and blockchain technology, introducing Social Mining. Because of the unique reward system, there will be incentives for users to join Mithril. If they appreciate how the platform lets them interact, it will continue to grow even as Social Mining Rewards decrease.
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Pros

With help from blockchain technology, Mithril will be able to ensure transactions are safe and secure for all parties involved. Additionally, the decentralized data storage technology of the blockchain allows for trustless, immutable, and efficient recording of transactions.

Cons

The process of building a social media platform from the scratch is a long, rigorous and exhausting one. Even though blockchain based social media platforms are not new innovations, they usually cannot interact with existing platforms.The Mithril integration protocol permits MITH mining on all social media networks. Therefore, Mithril can also leverage existing sites for their own purposes.