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Cexplorer

07/31/2023

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Understanding Mithril

Mithril is live on the Cardano mainnet. Let's explain how Mithril works and what it is useful for.

Understanding Mithril

Mithril is live on the Cardano mainnet. Let's explain how Mithril works and what it is useful for. Do not trust, verify One of the basic principles of decentralization is the absence of a third party that you, as a participant in the system, must trust. 

Instead of trust, you have the opportunity to verify all information and thus get a single version of the truth. What is true for you at any given time is also true for all other participants in the system. If you want to be a full participant in the blockchain network, you need to run your own full node that allows you to verify the history of all transactions. 

People are not willing to run their own full node and it is not even possible on mobile devices. Running a full node is resource intensive. Moreover, it requires time and Read article: Understanding Mithril

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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