Review on Mithril by Cameron Clunies

Name: Mithril
Item: Mithril
Rating: 5

August 28, 2018

With these pieces in place, Mithril could be the next generation of social…

With these pieces in place, Mithril could be the next generation of social media platforms. Or it could become a very expensive flop. Partnerships and user adoption are vital to the platform’s success. Let’s hope they gain traction in these important areas.
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Pros

The Mithril Vault is the platform’s wallet, and it will synchronize and store MITH across all platforms. It will also allow exchanges between MITH and other currencies like ETH, and eventually BTC and fiat currencies. The amount of MITH in your Mithril Vault affects your staking level in this Proof-of-Stake blockchain.MITH is tradeable on many popular crypto markets, including Bitfinex, OKEx, HitBTC, CoinExchange, Bithumb, Bitforex, and LBank, although the vast majority of trading occurs at OKEx. Its trading pairs are typically ETH, BTC, and USDT.

Cons

Users are increasingly wary of giving personal information to social media companies, and even Snapchat, which uses a temporary messaging system, is feeling the squeeze. Monthly active users has declined throughout 2018 on all major social platforms as consumers look to gain control over the data they share.