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.


3 altcoins that will outperform bitcoin in 2021

17 Dec 2020 4 minute read 0 comments shadowofsatoshi

When you invest in altcoins, you should measure their success not just in USD value, but as well in BTC value. Why do so? There is a simple answer to that. If your cherry-picked altcoins don’t outperform bitcoin, you could easily stay HODLing bitcoin...

A week in Kusama: December 7 - 13, 2020

14 Dec 2020 1 minute read 1 comment Web3 Foundation

Kusama News From Dec 9,The maximum number of Kusama validators in the active set has started to increase by 1 each era until it reaches 900 validators (increasing from 700). Polkadot-JS now has a page to view bounties. https://polkadot.js.org/apps/?...

A week in Kusama: November 30 - December 6, 2020

7 Dec 2020 1 minute read 0 comments Web3 Foundation

Kusama News Referendum 93, increasing the number of validators gradually to 900 from 700, has passed and will go into effect this week. https://kusama.polkassembly.io/referendum/93 The current referendum is once again asking for a redenomination. No...

Kusama Prints A New ATH - Is Unibright Next?

4 Dec 2020 1 minute read 6 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

4 Dec 2020 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...