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.


3 Altcoins To Keep Tabs On — QNT, LTX, KSM | KuCoin Weekly Review Issue #25

15 Jun 2021 3 minute read 7 comments KuCoin Blog

Things have really begun to settle down in the crypto market. We’ve had a few ups and downs over the last weeks, but we are now seeing a plateau of sorts. That should set the scene for this week, as it remains much the same as the previous week. But...

Kusama Coin (KSM): DOT's Blockchain Testnet

14 Jun 2021 4 minute read 6 comments MintDice.com

As the cryptocurrency world continues to grow, many blockchains are finding they don’t offer all the capabilities their customers desire. This has led to the creation of a large number of what is known as layer two solutions. But this has also sparke...

Genshiro Integrates Chainlink Price Feeds In Its NFT Tokens

14 Jun 2021 2 minute read 7 comments Equilibrium

Genshiro is going to release a limited run collection of NFTs featuring cats pertaining to different cryptocurrencies. BTC, ETH, DOT, KSM, GENS, and EQ will all be represented here, and they’ll be available for sale on Rarible, the well-known NFT mar...

China versus El Salvador and another random squirrels (weekly crypto updates)

13 Jun 2021 6 minute read 3 comments Heruvim78

In the last seven days we got a flashy Bitcoin Conference, Amazon hiring people who know ETH, first country to adopt BTC as legal tender, China telling crypto-miners to stop and much more. Just the right amount of craziness, another week in crypto f...

Polkadot/Nutbox Crowdloan

13 Jun 2021 2 minute read 2 comments lnakuma

During the past weeks, I have participated the beta test on Nutbox/Polkadot platform. There was traditional staking to earn type of farming method in the product. One thing caught my eye though, was called Crowdloan. I have seen similar thing on KuC...

Genshiro’s Kusama Crowdloan Goes Live On June 15!

11 Jun 2021 1 minute read 3 comments Equilibrium

As the Kusama parachain auction starts next week, we are closing the whitelist for our Genshiro PLO today, June 11. The actual crowdloan itself will go live on June 15, so it’s coming right up! Users will be able to vote for Genshiro to receive a par...

Genshiro Is Selling NFT Artworks To Fund Its Kusama Parachain Slot!

10 Jun 2021 1 minute read 2 comments Equilibrium

We are building Genshiro, a canary network of Equilibrium, to be a game-changing DeFi platform of course, but we also like to imagine that it’s an atomic-powered food truck that serves up delicious crypto snacks to anyone fortunate enough to find it....

Daily News Roundup - June 9

9 Jun 2021 3 minute read 18 comments author_nan

In today's roundup, we have a lot of Kusama action, Amazon seeking employees for DeFi products and a new class action lawsuit against Coinbase. 1. Kusama's Parachain Slot Auctions to Go Live Next Week Gavin Wood, creator of the Polkadot and Kusama F...

How to participate in Karura (Acala's Kusama Chain) Parachain Auction

9 Jun 2021 1 minute read 1 comment yihzymoney

The kusama crowdloan season is here, and here is a simple guide on how to join the parachain auction using polkadot.js . For 2 days until 11-June they are having a special 10% for early bird bonus and another 5% extra if you use my link below.   Lea...

Don’t miss out on our IDO for GENS tokens!

8 Jun 2021 3 minute read 0 comments Equilibrium

Genshiro is Equilibrium’s Kusama-based canary network. It inherits an experimental spirit that’s quite common for the Kusama network, and will be a testing site for our future products before they’re deployed to Polkadot. This means we get to impleme...