Latest Posts with Kusama (KSM) tag

Kusama (KSM)

68 Articles 13 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.


Acala Network - Most anticipated Dapp of Polkadot

14 Feb 2021 1 minute read 4 comments Makingdigital

Without a doubt, one of the most anticipated DeFi projects for this 2021 is Acala Network. Many of us are eagerly awaiting the official release of this decentralized application that will be the mainstay of the Polkadot ecosystem. In case you don't k...

Moonbeam 😎 The Future of Crypto is Multi-Chain

12 Feb 2021 3 minute read 12 comments Cryptonator`s

Not only investors are crazy about the Polkadot ecosystem, but also developers are. The developer community is absolutely excited about Polkadot which is the key factor when it comes to building a whole ecosystem around Polkadot. One of the hottest p...

Bull Run 2021 - My Top 3 Altcoin Performers To Date

9 Feb 2021 2 minute read 5 comments Sapphire

Navigating The Altcoin Maze In recent months and years, I began preparing for the bull market in which we now find ourselves in the heart of. This is a tricky endeavor when it comes to trades, as finding hidden gems so early on in the journey is no s...

So I just added KSM to my crypto portfolio on Binance! Proud to be a part of the Kusama Network

9 Feb 2021 3 minute read 0 comments passive_income

DD! Disclaimer! This article is not in any form financial advice! The article depicts my own strategy on investing. I am not responsible for your decisions! Always do your own research before investing! If you invest, only use funds you can afford to...

Is it a good time to enter Polkadot?

8 Feb 2021 1 minute read 2 comments Makingdigital

The recent rise in Polkadot has raised many questions for novice investors. Is it a good time to enter or do I wait for a correction? Of course it is a good time to buy DOT. If we look at all the projects behind this token, practically all are in Bet...

Kusama (Polkadot testnet) Parachain Slot Auction (Kucoin simulation)

3 Feb 2021 3 minute read 2 comments bengy

  Coming up soon (over the next 14 days), the Parachain slots on the Polkadot (DOT) network will be being offered up for auction to the various projects that are aiming to have their network backed by the security of the main Polkadot chain. There...

A week in Kusama: January 11-17, 2021

18 Jan 2021 1 minute read 0 comments Web3 Foundation

Kusama News Motion 253 (to issue a referendum for upgrading the Kusama runtime to v2027) is currently up for vote by the Kusama Council. https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fkusama-rpc.polkadot.io#/council/motions The motion to issue a prop...

Altseason arrives as Bitcoin Consolidates; Polkadot, OCEAN, AAVE. Passive income with Helium (HNT)

16 Jan 2021 1 minute read 2 comments Aware1

The crypto market has not disappointed in 2021 as Bitcoin is breaking out to new highs and DeFi is taking the sector by storm and boosting the value of Ether (ETH). With Bitcoins' recent rejection at $40,000 and subsequent consolidation, money has s...

A week in Kusama: To January 10th, 2021

11 Jan 2021 2 minute read 0 comments Web3 Foundation

Kusama News The Kusama Digest has been off for a couple of weeks, so this will be a high-level review of some VERY exciting times in the Polkadot ecosystem. There has been quite an upsurge in scams recently. Please be aware, THERE IS NO DOT AIRDROP....

Top 5 Cryptocurrency Movers for December 28, 2020

28 Dec 2020 2 minute read 0 comments JakeB

Welcome to “Top 5 Cryptocurrency Movers” where I look at all the major crypto coins on the market and choose the five that made the biggest move (either positive or negative) on this day, explaining my thoughts why the move happened, as well as the h...