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Kusama is built by the same teams as Polkadot, using nearly the same code and tools. The network places the latest tech from Parity Technologies and Web3 Foundation in the hands of developers, even before those features make it to Polkadot. Kusama’s sharded blockchains and open governance provide a scalable and future-proof infrastructure for businesses, marketplaces and applications to deploy and mature. Kusama brings multiple blockchains together into one shared network, freeing developers from the siloes created by legacy blockchain networks.With Substrate, developers can build their own app-specific blockchain and connect it to Kusama.Earn Free Kusama
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Digital Gold of the Future, Kusama is an asset that has provided financial freedom to millions across the globe. So if you believe in it, storing your Kusamas is a good option.
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Kusama is accepted globally for financial transactions online at various e-commerce sites as a mode of payment.
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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.Kusama was founded in 2019 by Gavin Wood, founder of Polkadot and co-founder and former CTO of Ethereum. Kusama is Palkadot’s canary Network. The name canary comes from the idea of canaries that were used in coal mines to give warning to miners by detecting carbon monoxide and other toxic gases that could hurt them. Similarly, Kusama acts as a canary by warning and helping detect any kind of vulnerabilities or weaknesses in the polkadot code base. Kusama is not a Testnet. It is more than a testnet as testnets are usually only playgrounds where tokens have no value. Being a canary network focused on research and development and a testbed to polkadot, KSMs are certainly of lower value, but still have some.
In July 2019, DOT indicator token holders were able to claim their KSM by making an ethereum transaction that allowed them to be in Kusama’s genesis block. A month and a half later, Kusama launched with proof of authority, as the only validators which were allowed to generate blocks were those run by parity and the web 3 foundation, and the only functionality that was available at that time was to allow potential validators to signal their intention to validate. After a couple months of chaos as it was expected, Kusama finally transitioned to POS. There are currently 130 validators on Kusama. Governance is; as the time of writing, on the hand of the KSM holders. Sudo which was a kind of central Super user that was holding the final say for any kind of governance decision on Kusama have relinquished its power and governance have fully transitioned to the KSM holders. As an example of this governance, there was a referendum which was being voted by KSM holders on increasing the number of validators to 150. After some time left for voting KSM holders decided to vote against the referenda.
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Kusama is a network built as a risk-taking, fast-moving ‘canary in the coal mine’ for its cousin Polkadot. It's a living platform built for change agents to take back control, spark innovation and disrupt the status quo. The treasury holds funds that come from slashing, inefficiencies from the staking system, lost deposits and transaction fees. To make a spending proposal any KSM holder should bond 5% of the spend (amount of KSM he wants to get from the treasury). In order to go through, a spending proposal needs to get 60% approval from the council. In that case the funds will be sent to the beneficiary address. If the spending proposal gets less than 50 % approval from the council, the reserved funds would be slashed. This process is done for each spending period which is 6 days.
KUSAMA halving is not possible but parachain is used where Parachain is a parallelizable chain which is a simpler form of blockchain, which attaches to the security provided by the “relay chain” rather than providing its own. It is validatable by the validators of the relay chain. Parachain will require a parachain slot which will be acquirable by auctions. It is maintained by collators whose role is to maintain a full-node of the parachain, retain all its necessary information, and produce new blocks to pass to the relay chain validators for verification and inclusion in the shared state of Kusama. As parathreads progress and produce new blocks, they will be a fee associated to include newly generated blocks in the relay chain, which will take the form of a block auction; competing with other registered parathreads.
As of September 10, 2020 Conversion rate for Kusama to INR for today is ₹2,466.41. It has a current circulating supply of 8.98 Million coins and a total volume exchanged of ₹4,272,911,458. Kusama (KSM) is not a mineable cryptocurrency which first started on January 01, 1. It is using the N/A algorithm and a N/A coin proof type. Kusama has a circulating supply of 8,980,098 coins and a total market cap of $298,857,492 which ranks it at position 54. Kusama price now is $33.6247 with a 24-hour trading volume of $53,283,360. Kusama price reached its all-time high level of $59.53 on September 02, 2020. Kusama price is down -3.80% in the last 24 hours and tends to move downwards by -2.82% according to last hour transactions. Also Kusama price on a weekly basis decreased by -42.20%. When we look at the variation of Kusama price monthly, it is up by 129.72%, whereas it is up by 0.52% according to its price 1 year ago.Based on the kusama historical price data, we predict the kusama price could be $31.4311 at the end of the year 2020. Also it could be $38.4243 exactly one year later today. In the next 3 years, the highest level kusama price could reach $224.932 and the lowest kusama price could be $19.4244. Also check kusama future price and kusama target price data.
Move fast and ship your product. Kusama’s risk-taking and nimble mentality allows developers to move swiftly through the governance and upgrade process, enabling rapid progress and growth.Launch your custom blockchain project with low barriers to entry. Ideal for lean startups looking to move fast and iterate. Build on a next-generation, sharded, multichain network, while employing the newest features before they are deployed on Polkadot.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.Leverage Polkadot’s global brand and developer community for your parachain, parathread or dApp.For teams looking to move to Polkadot after fine-tuning on Kusama, begin building your community and brand on Kusama before deployment.
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