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.


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...

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 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...

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...

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...

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...

Polkadot Raises $43M in Second Private Sale

28 Jul 2020 1 minute read 1 comment Abhimanyu Krishnan

Polkadot (DOT) has completed its second private sale, raising 3982.07 BTC - worth approximately $43.3 million - between July 24 and July 27. A total of 1059 transactions were made during the sale, which was unavailable in certain regions of the Unite...

Kusama & Edgeware - Update On My Latest Picks!

27 Jul 2020 1 minute read 2 comments Sapphire

Polkadot Network Projects If you have been reading my articles, you will have noticed that I am quite bullish on Polkadot and not just DOT but also projects within the ecosystem. Projects that I believe will still do remarkably well in the months and...