Kusama is a platform that allows any developer to more dynamically test and evaluate new blockchains or applications before releasing them on the Pokadot network.
Let’s take a closer look at this network.
What is Kusama?
Kusama was founded in 2019 by Gavin Wood, founder of Polkadot and co-founder and former CTO of Ethereum.
Kusama is a scalable network of specialized blockchains built using Substrate and nearly the same codebase as Polkadot. The network is an experimental development environment for teams who want to move fast and innovate on Kusama, or prepare for deployment on Polkadot.
It is described as a “canary network” where its users or those of Polkadot can access new features being tested that are not yet available on Polkadot.
Kusama is not just a testnet for Polkadot. It is an independent network, has its own ecosystem, has its own community, and has its own direction. Kusama aims at services such as: Gaming, Oracles, Music, Social Networking…
Many project developers will choose Kusama for their dapp or parachain to grow on the Kusama network. Other developers will join Kusama as a temporary place to prepare for deployment on Polkadot
What problem does Kusama solve?
- Scalability
Kusama’s sharded blockchains and open governance provide a scalable and future-proof infrastructure for businesses, marketplaces and applications to deploy and mature.
- Interoperability
Kusama brings multiple blockchains together into one sharded network, freeing developers from the siloes created by legacy blockchain networks.
- Customizable
Substrate allows developers to build and connect their blockchain to Kusama.
What’s outstanding about Kusama?
- Fast Iteration
Kusama allows developers to quickly process their transactions through advanced management, allowing transactions to process quickly.
- Low Economic Barriers
Kusama supports projects that want to launch blockchain but have insufficient capital.
- Advanced Technology
Build on a next-generation, sharded, multichain network, while employing the newest features before they are deployed on Polkadot.
- Open Governance
Kusama is owned and governed by a community of network participants who vote on and control the evolution of the network. Have a voice and make your mark in the evolution of the network.
- Engaged Community
Leverage Polkadot’s global brand and developer community for your parachain, parathread or dApp.
- Valuable Experience
For platforms, the protocol before mainnet deployment on Polkadot can run tests on Kusama to build community, brand and perfect the structure.
Comparing Kusama and Polkadot
Below are the comparisons between Polkadot and Kusama. The data is taken from the official Polkadot website
Kusama has a lower standard of security when compared to Polkadot. What Kusama lacks in stability and security, it makes up for in speed and flexibility.
Kusama remains an important environment for many developers to test their products before launching on the Polkadot mainnet. Without Kusama, developers would be hesitant to deploy on Polkadot because it has such a high barrier to entry
Kusama (KSM) token
*Token use cases:
KSM is the official token in the Kusama ecosystem. KSM holders can use their tokens as follows:
-Bond to the network to validate transactions or launch a parachain
-Pay for transaction fees
-Vote in the polls on the development of the project.
*Key Metrics:
- Ticker: KSM
- Blockchain: Kusama
- Token type: Utility Token
- Consensus: Nominated Proof of Stake (NPoS)
- Total Supply: 10,000,000 KSM
Conclude
Here is some information about the project. Hopefully the article will help you have a better overview of the Kusama project
Don’t forget to follow useful articles about Crypto Market from team Holding B !!!
- Telegram Channel: https://t.me/HoldingBcom
- Telegram Group: https://t.me/HoldingB
- Website: https://holdingb.com/
- Twitter: https://twitter.com/HoldingBcom
- Facebook: https://www.facebook.com/holdingbcom