Latest Posts with Kusama (KSM) tag

Kusama (KSM)

44 Articles 8 Followers

Launched in 2019, Kusama is the brainchild of Gavin Wood, founder of Polkadot and co-founder and former CTO of Ethereum.

Kusama was built using Substrate (a modular blockchain framework), with (nearly) the same codebase and industry-leading multichain infrastructure as its cousin Polkadot.

Designed for risk-taking and radical innovation, Kusama is both a fast-moving “canary in the coal mine” for Polkadot and an experimental development environment for teams who want to move fast and innovate on Kusama, and/or prepare for deployment on Polkadot.

It's a living platform built for change agents to take back control, spark innovation and disrupt the status quo. Kusama provides unprecedented interoperability and scalability for blockchain developers who want to quickly push the limits of what’s possible.

Like Polkadot, Kusama is a scalable, multichain network, consisting of up to 100 independent blockchains (parachains) working in parallel and interoperating, with security provided by a Relay Chain.

Kusama is ideal for lean startups looking to move fast and iterate as it allows them to launch their custom blockchain (parachain) project with low economic barriers to entry.

KSM, the native tokens on Kusama, is used to:

  • validate the network
  • nominate validators
  • bond parachains or parathreads
  • vote on governance referenda
  • reward projects that support the network

Kusama is a project of Web3 Foundation.


Kusama Prints A New ATH - Is Unibright Next?

18 hours ago 1 minute read 3 comments Sapphire

Key Component Of The Polkadot Ecosystem Kusama has managed to somehow escape the effects of severe market dumps throughout 2020! In the cases where KSM did correct along with the rest of the market, it lagged and often only dropped days after the bro...

Coins you should keep an eye in 2020-2021 part 2

19 hours ago 1 minute read 0 comments Upper Volt

I wrote a few days or week ago ( lost the time concept through the routine existence  of my being and long hours at my job) Leaving behind the melodrama i'm going to mention some coins that i kept an eye in this chaotic pandemic where are living in....

A week in Kusama: November 23 - 29, 2020

30 Nov 2020 2 minute read 0 comments Web3 Foundation

Kusama News Council member @bitfalls explains his votes in this Council term: https://bruno.id/council-participation-report-13112020-2/ With the v2026 runtime being on Kusama a bug (https://kusama.polkassembly.io/post/356) that caused immature slash...

Kusama and Polkadot to hit crazy heights in every way

23 Nov 2020 5 minute read 1 comment TheThird

Like myself many have a keen eye on the Polkadot and Kusama ecosystem, especially given major developments are occurring NOW; at the start of a new bull cycle. As they are quickly establishing themselves as distributed Ledger Technology’s foremost co...

A week in Kusama: November 16 - 22, 2020

23 Nov 2020 1 minute read 0 comments Web3 Foundation

Kusama News ArtProject.io, a virtual art and technology expo, was shown in Vancouver, Nov 11th to Nov 15th, and featured a discussion panel on NFT progress on Kusama. See a recording of the video here: https://www.youtube.com/watch?v=lep5PWTiKJg The...

A week in Kusama: November 9 - 15, 2020

16 Nov 2020 1 minute read 0 comments Web3 Foundation

  Kusama News The default node for Westend was down on Monday for a while. It is once again available and you should be able to access Westend from Polkadot-JS. If you are interested in being a validator on Kusama, check out the Thousand Validators...

Kusama - Why It Has Been One Of My Best Altcoin Picks In 2020!

11 Nov 2020 2 minute read 0 comments Sapphire

Holding Strong Kusama has performed exceptionally well during 2020 and just so happens to be one of my best picks this year. Unibright is another altcoin I picked up in late 2019, if I remember correctly and is still up approximately 1000% from my en...

A week in Kusama: November 2 - 9, 2020

9 Nov 2020 1 minute read 0 comments Web3 Foundation

Kusama News Referendum 91, to redenominate KSM by 100x, has failed. https://kusama.polkassembly.io/referendum/91 There was a lot of discussion in the Kusama Direction channel and Polkascan about Motion 233, the Treasury Proposal for academic robotic...

A week in Kusama: October 26 - November 1, 2020

2 Nov 2020 2 minute read 0 comments Web3 Foundation

Kusama News Please be aware of scams! Note that Web3 Foundation, Polkadot, or Parity are NOT giving away DOT or KSM! There is currently a non-binding (system.remark) referendum to redenominate Kusama 100x, just as Polkadot was (1 "old KSM" → 100 "ne...

Robonomics Network values Polkadot slot at $ 3–6 million

29 Oct 2020 1 minute read 1 comment Diana King

Robonomics Network has evaluated the costs associated with leasing a Polkadot slot and announced their aim to take on a 2-year slot lease on the Kusama network. At the upcoming auction, the platform will distribute $720,000 in its native tokens among...