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.


3 Altcoins To Keep Tabs On — POLX, MATIC, KSM | KuCoin Weekly Review Issue #21

19 May 2021 3 minute read 3 comments KuCoin Blog

This was the week that things started to come back down to earth, as is the nature of the market. Starting with Bitcoin, we saw the price fall from $57,990 to $49,352. This can be put down to Elon Musk announcing that Tesla would no longer accept Bit...

Today's Crypto News, Key Dates To Keep an Eye On and more...

18 May 2021 1 minute read 2 comments busyjordy

CRYPTO CORNER EPISODE 233 Market Analysis, Updates, News & Reviews In today's episode: ►Market Roundup ►Key Dates for SNX, MATIC, COTI, Theta, OVR, SENSO & more ►News: Elon Musk; Polkadot; Kusama; Bitcoin+more 🎞My video about OVR https://youtu.be/m...

PROSPECTIVE PARACHAINS

15 May 2021 1 minute read 3 comments merchant

Hi everyone. today we will talk about prospective parachains. Parachains — a system for the interaction of several blockchains. Important representatives of the parachains are coins such as kusama polkadot and cosmos.   Kusama was founded in 2019 b...

Band Protocol Comes To Genshiro, Equilibrium’s Kusama-Based Parachain

14 May 2021 1 minute read 0 comments Equilibrium

Band Protocol is the newest oracle provider to integrate its price feeds with Genshiro, a canary network of Equilibrium and a Kusama-based DeFi parachain. Genshiro will leverage Band’s oracles which provide scalability and users with the highest degr...

Karura’s Crowdloan & Parachain Auction Are Imminent - Support the Parachain Auction

14 May 2021 1 minute read 0 comments STAF

Karura Friends, We’re days away from the Karura crowdloan event, which invites you to contribute KSM in support of Karura’s parachain auction bid. Supporters who contribute to the crowdloan will receive a distribution of Karura rewards at launc   Kar...

Market FUD? BTC dump? KSM DGAF! This bird was born to fly!

13 May 2021 1 minute read 0 comments amtraderpro

Hi guys! Despite the bloodbath on the market Kusama Network token made new ATH at $588 mark and currently is trading at $539. After breaking and testing the resistance (yellow line) at $280-300 in mid March we saw the KSM setting a new high at $567 f...

What Interest Rate Are You Really Earning with Staking Rewards?

30 Apr 2021 1 minute read 1 comment Brother Numsee

Staking Rewards: The Importance of Adjusting for Inflation   Staking rewards can be deceiving. While it's easy to get caught up in the prospect of earning interest, accurate analysis of staking requires considering the inflation of a coin's supply. I...

Top 5 Crypto Tokens Connected to the Polkadot Ecosystem

23 Apr 2021 3 minute read 6 comments Heath Muchena

1) Polkadot (DOT token) An open-source sharding multichain protocol, Polkadot facilitates the cross-chain transfer of any data or asset types, not just tokens. DOT is the native token of the Polkadot platform. Every activity carried out on the platfo...

Introducing Genshiro: Equilibrium Has Plans For Kusama As Well As Polkadot

16 Apr 2021 3 minute read 2 comments Equilibrium

Equilibrium’s ambitions are not strictly limited to Polkadot — we will launch Genshiro, our DeFi parachain on Kusama, and will participate in parachain slot auctions as well. The concept behind Genshiro We’re also concerned about simple replication o...

Tether Coming Soon to Polkadot and Kusama Blockchain

13 Apr 2021 1 minute read 1 comment Novasky

Polkadot is getting a lot of new projects slowly. It's really interesting to see that polkadot not only has the Akala network for stablecoin but now they are going to have the Tether network too. Tether is the stablecoin infrastructure that is on ETH...