Discover Kusama, a unique playground for blockchain enthusiasts! It's like a sandbox for developers to test new blockchains and apps, with real cryptocurrency trading. Kusama helps in testing Polkadot upgrades, offering more flexibility and freedom to developers.
Founded in 2016 by Polkadot creators, including Ethereum co-founder Gavin Wood, Kusama is where early Polkadot projects come to life. Lead by Wood, president of the Web3 Foundation, and powered by Parity Technologies' Substrate framework, Kusama uses a Relay Chain and parachains.
Kusama vs. Polkadot
Kusama operates on a faster governance system than Polkadot, offering developers more freedom. The network introduces a "canary network" concept and has lower staking requirements for validators. Kusama's native cryptocurrency, KSM, plays a crucial role, allowing users to vote on upgrades and earn rewards through staking.
KSM, with no capped supply, is released at a predetermined inflation rate. Holders can vote on network upgrades, and validators and nominators receive rewards for their contributions. It's a dynamic token, ensuring active participation in Kusama's vibrant ecosystem.
Final thoughts on Kusama
Kusama's superpower? It's the pre-production hub for Polkadot! Developers experiment here before launching on Polkadot, attracting projects like Gitcoin and 0x. For investors keen on the future of Polkadot and innovative blockchains, adding KSM to your portfolio might be the next move.
Source : Rayn Research / Jan 9, 2024