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Reasons Why Crypto Traders Are Gravitating Towards Mithril (MITH)

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Mithril is one of the latest sensations in the cryptocurrency market. With new ICOs (Initial Coin Offering) being tokenized every day, the existing currency market is becoming fiercely competitive as all of the cryptocurrencies (as of now approximately 1,800) are vying for a secured place on Coinmarketcap with a formidable price and market capitalization. The fact that the cryptocurrency investors across the globe now have too many options to invest in, every digital currency has to come up with some sui generis features and benefits to sustain in this market. Since its tokenization by the end of March, Mithril has been showing great promise and potential so far with its innovative approach towards the Social Media.

Unlike other social media currencies, Mithril has been able to maintain a stable price range and market cap. The sole purpose of this coin is to provide its traders the opportunity to interact freely with others and also rewarding them handsomely whenever any of them shares some valuable content with the community.

Despite having just a few weeks under its belt, Mithril has been able to show a meteoric rise in market capitalization and consequently acquire a decent position on Coinmarketcap. With Bitcoin being incapacitated with a significant number of issues like volatility, slower transaction speed, and security, a significant percentage of traders are inclining towards relatively newer coins like Mithril. Here, a few aspects of this coin would be discussed below accentuating the reasons behind its recent popularity.

Mithril Internal Architecture in Brief:

Mithril predominantly follows the paradigm of Ethereum blockchain ecosystem. It is a decentralized network that focuses on social media. The objective of this coin is to revolutionize the entire paradigm of social media and the mode of interaction using this medium. Also, this coin endeavors to use blockchain technology to decentralize the mobile game advertising market along with creating a mobile game big data. The internal architecture of this digital currency consists of two components. They are:

  • Mithril Play: An Android-based mobile app for validating, rewarding, and measuring gameplay data. This ingenious mobile application comes with exclusive invitations, gameplay verification, and a personalization area.
  • Mithril Ad Console: It is a targeted advertising channel that enables game companies to register ad campaigns for inviting new gamers. The ad console consists of a wallet, campaign statistics, and “create campaign” facility.

Advantages of Using Mithril:

As a decentralized social media network, Mithril comes with several advantageous features which cannot be found in other cryptocurrencies. Some of these features include:

a. Mobile-Centric Platform: In case of other cryptocurrencies, accessing the token is a complex and time-consuming procedure where the trader has to go through a considerable number of stages. The Mithril Play mobile app introduced by this currency would enable more than 2 billion gamers all around the world to access this coin despite having any knowledge about the blockchain technology and cryptocurrency. By installing this app, the gamers would be able to access unlimited game data from anywhere in the world. The app also provides other advantages like the elimination of transaction and learning costs, expeditious transaction system, etc.

b. EOS Blockchain Support: Mithril uses the support from EOS blockchain to offer their users and gamers to have a faster transaction system without any transaction fee. The smart contract of EOS blockchain is tailor-made for solving issues with slower and expensive transaction system. This feature allows many gamers to pursue a successful gaming career through this blockchain platform.

c. Value Preservation for Gamers: Every game has a certain expiration date of providing gamer satisfaction. Sooner or later, every gamer memorizes the probable moves of a certain game and continuous winning makes that game tedious. Mithril endeavors to preserve the gamer satisfaction by rewarding them handsomely on every level of the game.

d. Flawless Audience Targeting: Mithril blockchain implements an infallible procedure for targeting the perfect audience suitable for certain games. They compare a lot of variables of the gamers willing to play starting from their age, gender, intelligence, individual taste etc. and select a suitable game for them depending on the factors like execution, duration, intricacy, and several others. Because of this feature, renowned game companies around the world are inclining towards this coin in order to secure a considerable amount of lucre.

e. Mithril Artificial Intelligence: The AI of this currency makes this blockchain interface user-friendly and convenient by managing a huge pool of data accurately and quickly.

f. Denominated Social Mining: The blockchain platform of Mithril named Lit comes with denominated social mining which is nothing but an algorithm designed to reward a person or gamer every time s/he creates a new content and shares it with the community. This feature is the pièce de résistance of all Mithril features and possibly the main reason behind its massive popularity.

Final Thoughts:

As of this moment (25th April 2018), Mithril holds the 65th position on Coinmarketcap with a price equivalent to 1 USD approximately and a market cap of circa 300 Million USD. It is a well-known fact that gaming industry and social media are the future of business and marketing. As Mithril focuses on these two fields and since its inception it has come a long way in the list of currencies, investing in Mithril might be a judicious decision this year and realizing this, the number of new Mithril investors is also escalating day by day.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of sera78 via Flickr

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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