Latest Posts with Kusama (KSM) tag

Kusama (KSM)

71 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.


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...

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...

EDG - My Latest Exposure - From The Polkadot Network!

7 Jul 2020 1 minute read 6 comments Sapphire

Finding New Projects With Promise My readers will know that I don't restrict myself to one aspect of Crypto. I love looking for passive income opportunities, I trade full-time, I do some content creation, build Crypto economies that feed off of each...

Kusama - Polkadot's Wild Cousin!

6 Jul 2020 1 minute read 3 comments Sapphire

A Canary Network By now you would have seen Polkadot starting to get some serious attention from a select few in the Crypto space. Kusama was founded by the founder of Polkadot, Gavin Wood. Gavin was also a co-founder and CTO of Ethereum. The officia...

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...

KARURA CROWDLOAN WAITLIST COMPETITION

20 Dec 2020 1 minute read 0 comments Nikolaos Mourkousis

KARURA is the sister network to Acala and DeFi hub of Kusama. Is a new blockchain network serving the Kusama community as DeFi hub and enables a scalable and fast cross-chain ecosystem for Kusama and Polkadot. Karura is addressed as a parachain due t...