Kusama (KSM)

179 Articles 24 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.


Explaining Exosama Network (Thread)

5 Dec 2022 1 minute read 0 comments EverythingBlockchain

If you find this helpful, please support through subscribing and following. Everythingblockchain 🧐 - Freethinkers, Writers ✍, Blockchain explorers 🔭In pursuit of simplifying the different blocks of the chain metaverse Socials Twitte...

Bifrost Finance - A tutorial on Liquid Staking

7 Nov 2022 2 minute read 0 comments EverythingBlockchain

Bifrost is a web3 derivatives protocol that provides decentralized cross-chain liquidity for staked assets. It leverages cross-consensus message (XCM) to provide cross-chain liquid staking services for multiple chains. With the release of 420,000 KSM...

Spacer Fleet Incoming - NFT collection with Utility (Thread)

29 Oct 2022 1 minute read 0 comments EverythingBlockchain

If you find this helpful, please consider supporting through subscribing and following. Everythingblockchain 🧐 - Freethinkers, Writers ✍, Blockchain explorers 🔭In pursuit of simplifying the different blocks of the chain metaverse Socials Sub...

POOP - Bringing the Power of XC-20

22 Oct 2022 3 minute read 1 comment EverythingBlockchain

Driven by the will to give users the power to influence decisions, exercise control over usage, and incentivize participation, the $POOP token is a fully transferrable utility-rich governance token that supports cross-chain communication in Polkadot....

Kodadot - Spreading Wings to Basilisk & Bounty for $22,222 (Thread)

18 Oct 2022 1 minute read 0 comments EverythingBlockchain

If you find this helpful, please consider supporting through subscribing and following. Everythingblockchain 🧐 - Freethinkers, Writers ✍, Blockchain explorers 🔭In pursuit of simplifying the different blocks of the chain metaverse Socials S...

Explaining Kusama - Thread

16 Sep 2022 1 minute read 0 comments EverythingBlockchain

If you find this helpful, please consider supporting through tipping, subscribing, and following. EverythingBlockchain — In pursuit of simplifying the different blocks of the chain metaverse. Socials Substack, Twitter, Youtube, Medium, Reddit...

KodaDot - An overview of Dotsama's Carbonless NFT Marketplace

14 Sep 2022 5 minute read 2 comments EverythingBlockchain

Primer: The first public good of the Dotsama (Kusama/Polkadot) ecosystem, Kodadot is a Kusama native carbon-neutral NFT platform that enables users to mint, transfer, and burn NFTs. The surge in popularity of Non-fungible tokens (NFTs) can be ascert...

Parachain Slot Auctions & Crowdfunding

12 Sep 2022 5 minute read 0 comments EverythingBlockchain

Before we dive into Parachain Auctions and Crowdloans, let’s quickly run through the main components of the Polkadot network. Alternatively, you could read the articles covering the Polkadot ecosystem at length (Polkadot & Kusama). Relay Chain, para...

Ethereum Bridge Shutdown: What You Should Know

2 Sep 2022 1 minute read 2 comments Equilibrium

Dear Genshirians, Ethereum’s Proof-of-Work chain will migrate to the Proof-of-Stake chain this september. Here are two important dates to be aware of: The consensus layer upgrade is scheduled for epoch 144,896 on the Beacon Chain at 2022–...

Kusama- Polkadot's Canary Network

25 Aug 2022 1 minute read 0 comments EverythingBlockchain

Kusama and Polkadot share the same codebase implying vast similarities in the underlying structure. In fact, Kusama is an early and unaudited version of Polkadot. Both networks operate as multichain, heterogeneously-sharded blockchains based on nomin...