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.


An Introduction to Kusama Governance

7 Sep 2020 2 minute read 5 comments Web3 Foundation

Kusama is a scalable blockchain network, designed to help understand how the various cutting edge technologies introduced in areas such as governance, staking and sharding work under “real” economic conditions and to give coders a fast-paced environ...

The Power of HODL

4 Sep 2020 2 minute read 0 comments Jelly Fish

When today I think over my little EOS DeFiBox experience, I see what I should have been done but I didn't. 1st, I was lucky enough to learn about Defibox app early, quite long before it was launched officially. Well, "lucky" is a wrong word here, bec...

Presenting the Kusama Network - Polkadot's Wild Cousin

3 Sep 2020 1 minute read 6 comments Web3 Foundation

Kusama is a scalable network of specialized blockchains built using Substrate and nearly the same codebase as its cousin, Polkadot. The origin of Kusama The relationship between society and technology has deteriorated to the point where large entitie...

03.09.2020 - Another day into Cryptoverse

2 Sep 2020 1 minute read 5 comments Heruvim78

  In the deep of the night, Bitcoin reaches 12.000 USD mark, for the first time in the last two weeks, only to drop very fast to  11.700 USD. The market is going down, following their flagship crypto, except few odd tokens, Kusama (KSM) went up to 5...

(KSM) Kusama coin, proving grounds for polkadot

2 Sep 2020 1 minute read 0 comments Andann427

(KSM) Kasuma is a token that currently is not audited and incomplete or in other terms unrefined. It is the token to pave out the paths going forward for polkadots developers to build and implement parachains. It is also for governance, staking and b...

2020 The New Crypto Alt cycle - aka (10x or go home!)

1 Sep 2020 7 minute read 1 comment TheThird

Introduction - Are You READY ! You would be hard pressed to prove we are not in the beginning of the start of a new crypto expansion cycle. This, for me is confirmed by two key indicators: 1. The excellent S2F bitcoin measure 2, the overarching globa...

Kusama - Empowering Polkadot from 2019

31 Aug 2020 3 minute read 5 comments Heruvim78

Today's story is about Kusama. I mean, this one right here.  It was sometimes not so long ago, in 2019, when Kucoin Exchange was making some random promotion about one unknown token called Kusama. Ugh, my beady eye first read Kurama, at 4 AM in the...

Get Ready For Bargains On Polkadot & Kusama!

28 Aug 2020 1 minute read 6 comments Sapphire

Buy Zone Incoming I have been writing about Polkadot and the projects involved within the ecosystem for quite some time now. Projects such as EDG and Kusama, projects that for some reason have managed to stay under the radar. Well, not for long as Ku...

Polkadot: The Real Deal or just a Wannabe?

28 Aug 2020 4 minute read 10 comments SamBTC

A few days back as I was checking the crypto rates on Coingecko as I always do about 100 times a day, I suddenly noticed a new coin which I had not seen before. What totally baffled me was that this was not a new entrant in top 200 or top 100, it was...

Kusama Defies Market Dump!

25 Aug 2020 1 minute read 0 comments Sapphire

The Polkadot Network Polkadot has been performing so well over the past week and is currently enjoying some sun in the Top 10! Polkadot is now seated in the number 7 spot after dethroning Litecoin, Cardano and BSV! A few weeks ago I went into some de...