Latest Posts with Kusama (KSM) tag

Kusama (KSM)

75 Articles 14 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.

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

1 Sep 2020 7 minute read 1 comment Akira (TheThi3d)

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...

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...

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...

Kusama (KSM) now a top 100 coin on coinmarketcap

14 Aug 2020 1 minute read 2 comments mercurial9

I was analyzing the July 2020 historical data from Coinmarketcap (CMC). One small-cap cryptocurrency caught my eye while pouring over the data, and I decided to dig deeper into it.  What is Kusama (KSM)? Kusama is a scalable network composed of seve...

Why I'm Bullish on Kusama (KSM)

22 Mar 2021 1 minute read 0 comments MakeItReal

Hello HODLers, Today I'd like to share with you some of my thoughts about crypto that could perform well next days. Obviously none of this is financial advice but personal ideas, information and news sharing so do your own researches independently! I...

Huobi Pool Token - Receive now rewards in 24 different cryptos

1 Oct 2020 1 minute read 2 comments Jakonfire

Houbi now distribute 24 different Cryptos to the HPT hodlers. Sorry if i repeat it again and againt but I can hardly believe how quickly it gets more and more. Every balance bigger than 1000 HPT counts. In the past Huobi told several times they are g...

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....

Proof of Ink: New "Consensus Algorithm" Pays $3000 🤔 No Promises. Expect Chaos.

27 Feb 2020 1 minute read 4 comments tomoyan

Kusama? Kusama is an early, unaudited and unrefined release of Polkadot. Kusama will serve as a proving ground, allowing teams and developers to build and deploy a parachain or try out Polkadot’s governance, staking, nomination and validation functi...

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...