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.


A week in Kusama: November 2 - 9, 2020

9 Nov 2020 1 minute read 0 comments Web3 Foundation

Kusama News Referendum 91, to redenominate KSM by 100x, has failed. https://kusama.polkassembly.io/referendum/91 There was a lot of discussion in the Kusama Direction channel and Polkascan about Motion 233, the Treasury Proposal for academic robotic...

A week in Kusama: October 26 - November 1, 2020

2 Nov 2020 2 minute read 0 comments Web3 Foundation

Kusama News Please be aware of scams! Note that Web3 Foundation, Polkadot, or Parity are NOT giving away DOT or KSM! There is currently a non-binding (system.remark) referendum to redenominate Kusama 100x, just as Polkadot was (1 "old KSM" → 100 "ne...

Robonomics Network values Polkadot slot at $ 3–6 million

29 Oct 2020 1 minute read 1 comment Diana King

Robonomics Network has evaluated the costs associated with leasing a Polkadot slot and announced their aim to take on a 2-year slot lease on the Kusama network. At the upcoming auction, the platform will distribute $720,000 in its native tokens among...

A week in Kusama: October 19 - October 25, 2020

26 Oct 2020 1 minute read 0 comments Web3 Foundation

Kusama News Interested in winning KSM or DOT while learning about Kusama and Polkadot? Check out Hello World! by Polkadot - https://gitcoin.co/hackathon/polkadot Jaco (developer of Polkadot-JS) has been approved as the curator for the first bounty o...

A week in Kusama: October 12 - October 18, 2020

19 Oct 2020 1 minute read 1 comment Web3 Foundation

Kusama News "Hello World! by Polkadot" is live. It’s a Gitcoin-powered learning challenge where you can gain DOT and KSM. http://bit.ly/0x2HcwPtd  Karura, Acala's DeFi chain, has been launched, and is aiming to be among the first parachains on Kusam...

Hello World! By Polkadot: Dive into the Polkadot universe!

14 Oct 2020 1 minute read 4 comments Web3 Foundation

Gitcoin has integrated Polkadot and Kusama tokens (DOT and KSM) into their tech stack, making us one of the first full integrations outside of the Ethereum ecosystem. To celebrate, we have created Hello World! by Polkadot. Consisting of 23 different...

A week in Kusama: October 5 - October 11, 2020

12 Oct 2020 1 minute read 1 comment Web3 Foundation

Kusama News If you are a KSM holder, please be sure to vote on Referendum 88. If passed, this would start the journey to 1,000 validators on Kusama, increasing the number of validators in the active set by one each era for 400 eras. https://polkadot...

MANTRA DAO Is A DeFi Ecosystem Powered By Polkadot With An Excellent Karma

8 Oct 2020 2 minute read 10 comments Cryptonator`s

No doubt, MANTRA DAO is one of my TOP 3 DeFi Altcoins Powered By Polkadot. After doing a lot of research, I believe that MANTRA DAO has huge potential and that it is primed for some massive gains. In short: MANTRA DAO has an excellent Karma, here is...

Top Things You Should Know About Kusama Network (KSM)

6 Oct 2020 7 minute read 7 comments MuyAsk

Hey guys :) I’m back with another comprehensive Q&A piece, this time for the fast-moving and experimental development environment for Polkadot – Kusama Network (KSM). Kusama is an early, unaudited, and unrefined release of Polkadot that aims to serve...

A week in Kusama. A round-up of what’s new in the Kusama universe, September 28 - October 4, 2020

5 Oct 2020 2 minute read 2 comments Web3 Foundation

Kusama News There is a discussion on the NFT strategy for Kusama taking place here: https://kusama.polkassembly.io/post/303 Kappa Sigma Mu is now up to 17 members. Congratulations to the new members! https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fcc3...