Latest Posts with Kusama (KSM) tag

Kusama (KSM)

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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.

InvArch: Revolutionizing Startup Networking

2 Aug 2021 1 minute read 0 comments CryptoKota

Millions of users access LinkedIn and Indeed every day, offering their skills and years of experience in exchange for a job opportunity from an employer. It's ironic when you consider how much most of society detests the income disparities between th...

Karura - how to transfer KSM from Kusama to your Karura wallet

22 Jul 2021 1 minute read 0 comments CryptoPlankton

The Acala wiki provides a guide, but it's a touch techy, like many things on the Polkadot Ecosystem, so I thought I'd provide a simple guide. Navigate to Karura's apps. Click on the settings wheel in top right and select "Flexi Fee". Define an appro...

Karura - understanding what LKSM is and how it works.

21 Jul 2021 1 minute read 7 comments CryptoPlankton

This week Karura will start rolling out live functions on its apps, giving holders access to a range of DEFI products on Kusama, some of which are not entirely familiar to uses of other DAPPs.The key underlying function of Karura is the ability to st...

Genshiro Crowdloan Rewards Are Doubled For Early Supporters!

5 Jul 2021 1 minute read 1 comment Equilibrium

The Genshiro crowdloan is off to a great start, and we’re so far seeing the most dynamic community participation among those competing for the last two Kusama parachain auctions. Just check out how these projects compare at the moment:  We’re comple...

Equilibrium In Review: June 2021

2 Jul 2021 3 minute read 0 comments Equilibrium

June has been a packed and productive month for us, so let’s go through our updates and achievements! Our Kusama parachain crowdloan is LIVE NOW! We’re excited to announce that you can participate Genshiro’s crowdloan right this moment! We will distr...

The First-Ever Polkadot & Kusama <> BSC Bridge Is Live On The Testnet!

1 Jul 2021 1 minute read 2 comments Equilibrium

We’ve done something really cool! We’re the first team in the crypto world to create and implement a Binance Smart Chain bridge on Kusama. It works with Polkadot too. This bridge will enable bi-directional asset transfers between BSC and Substrate-ba...

Kusama (KSM) Insane Explosive Move Soon

30 Jun 2021 2 minute read 0 comments moon333

  Hi friends, hope you are well, and welcome to the new update on Kusama ( KSM ) coin.The broadening formation:On the weekly time frame chart, the price action of the KSM coin has formed a broadening formation and now the price action is likely to h...

Parachain Auctions : The crypto gold mine to unearth

26 Jun 2021 4 minute read 0 comments Tonythomas

The first-ever parachain slot of the Kusama network is successfully auctioned to the Karura network and it is attempting to connect its para chain. This is not just a history-making situation for the substrate ecosystem but also for the border intero...

The final process of igniting the Polkadot Blockchain to life depends on how Kusama functions now

25 Jun 2021 2 minute read 1 comment Greenchic

 If Kusama Blockchain functions well now, it’s time to initiate Polkadot Blockchain to life soon         Eyes are on Polkadot, on whether it will be that promising functional Blockchain we crypto enthusiasts expect it to be. The answers to this is n...

Beginners Overview to Kodadot

24 Jun 2021 4 minute read 0 comments virtugrana

NFTs (Non-Fungible Tokens) have piqued the interest of many people recently. These types of unique tokens are typically characterized by the on-chain assurance of digital ownership or authenticity. Since they are non-fungible, they are not interchang...