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Kusama

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1 KSM = 16.47 USD
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What Is Kusama?

Kusama is a decentralized protocol that facilitates the seamless transfer of data and assets across various blockchains. Established in 2019 by Dr. Gavin Wood, the co-founder of Ethereum, Kusama operates as a pre-production environment for its sister network, Polkadot. This innovative platform, often referred to as a "canary network", serves as a sandbox where developers can experiment, test, and fine-tune their Polkadot projects in a real-market scenario before officially launching them.

Kusama shares many similarities with Polkadot, including its architecture and core features. However, it maintains a distinct identity by offering a more flexible and accommodating environment, characterized by less stringent governance parameters. This unique approach allows Kusama to foster a vibrant ecosystem of early-stage, experimental projects, thereby playing a pivotal role in building a fair and decentralized internet. Moreover, Kusama's open governance and sharded blockchain structure enhance scalability and interconnectivity, enabling a harmonious integration of multiple blockchains into a unified network of parachains.

Resources

Official Documents: https://www.polkadot.network/blog/tag/kusama/

Official Website: https://kusama.network/

How Does Kusama Work?

At the heart of Kusama's operation lies a dual blockchain structure comprising a main network, known as the relay chain, and user-generated networks referred to as parachains. The relay chain is responsible for securing the network and facilitating interoperability between the parachains, which can be customized for various applications. This structure significantly improves the network's scalability, allowing for a large number of projects to be hosted without compromising speed or efficiency.

Kusama employs a nominated proof-of-stake (NPoS) consensus mechanism, which is a variant of the proof-of-stake system. In this setup, KSM coin holders can either become validators, who verify data on the parachain blocks and vote on network changes, or nominators, who select validators and delegate their staked tokens and votes to them. This consensus mechanism not only ensures network security but also fosters a decentralized and permissionless governance model, where community members can actively participate in the decision-making process.

Furthermore, Kusama's infrastructure supports both private and public blockchains, thereby offering a vast array of potential applications ranging from oracles to social networks. Developers can leverage Kusama's Substrate framework to build their blockchains swiftly and link them to the main network, fostering innovation and collaboration within the community.

What Is KSM Token?

The KSM token, Kusama's native cryptocurrency, plays a vital role in maintaining the network's functionality. Holders of KSM are incentivized to stake their tokens to earn rewards, participate in governance processes, and vote on network upgrades. The staking process has become a popular method for generating passive income, with an annualized return rate fluctuating based on market factors. Notably, Kusama has an inflation rate of 10% per year, and there is no capped supply for KSM, which might be a consideration for potential investors.

Kusama's Impact on Finance

While Kusama and Polkadot share many similarities, including their foundational architecture and the team behind their development, they cater to different segments of the blockchain project spectrum. Polkadot adopts a more cautious and methodical approach, prioritizing network stability and security, making it suitable for larger, well-established projects. In contrast, Kusama embraces a faster-paced, experimental ethos, welcoming smaller, riskier projects looking to innovate and break new ground in the blockchain space.

Kusama's flexible governance parameters allow for quicker network upgrades compared to Polkadot, which undergoes a more extended voting process for any changes. Moreover, Kusama has garnered popularity in the blockchain industry due to its developer-friendly approach and its potential to host a diverse range of cutting-edge projects, making it a hotbed for innovation and experimentation in the decentralized space.

What Determines Kusama's Price?

In the ever-changing landscape of cryptocurrencies, the Kusama price today is shaped by a myriad of factors, keenly observed by potential investors through resources like a live Kusama price chart. Kusama, a sibling network to Polkadot, acts as a ground where developers can test and foster early-stage projects. This vibrant ecosystem notably sways the Kusama KSM price.

The KSM current price undergoes frequent fluctuations, reflecting the network's experimental nature that welcomes a plethora of innovative blockchain projects. Both investors and developers maintain a watchful eye on the Kusama price history, using it as a compass to navigate the volatile waters and anticipate the Kusama price forecast. Comprehensive Kusama price analyses become their trusted ally in making informed decisions.

The Kusama token price also receives considerable influence from its active community and the stellar team steering its course, helmed by the renowned Dr. Gavin Wood. Enthusiasts, closely tracking the KSM crypto price, are on the edge of their seats, eager to witness the network's continual evolution and innovation. With the rising popularity of Polkadot's mainnet, the Kusama KSM price in USD often marks periods of explosive growth. Those who are tuned into the latest Kusama KSM news appreciate KSM's potential as a tool for generating passive income through staking, an attribute directly impacting the KSM token market cap.

Delving deeper, it becomes vital to acknowledge the network's distinctive tokenomics when discussing the real-time Kusama price. The KSM token price is influenced by its proof-of-stake consensus mechanism, encouraging users to stake their KSM tokens for rewards, subsequently shaping the discourse around Kusama crypto price predictions. Moreover, the evolving Kusama price narrative is also influenced by an annual inflation rate of 10%, a detail potentially discouraging for investors seeking tokens with a capped supply.

As we stand on the cusp of a promising future, enthusiasts and investors scrutinize the Kusama (KSM) price graph, recognizing Kusama's promise given its rapid developments and receptiveness to experimental projects. In the bustling world of blockchain and cryptocurrency, Kusama carves out a niche, heralding a future ripe with potential and growth.

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coin.24Hcoin.7dayscoin.30dayscoin.90dayscalculator.common.one_yearcoin_market.all_time
-4.82%-8.70%-11.89%-12.82%-32.05%+862.36%

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24h$16.29$17.35
7d$16.19$17.92
30d$16.05$19.9
90d$13.94$22.8
1y$13.94$63.46
coin_market.all_time$0.9158(2020-01-14, coin_market.years_ago )$623.75(2021-05-18, coin_market.years_ago )

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$257,969,569.81
-4.82%
coin_market.fully_cap
$257,969,569.81
-4.82%
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$10,471,864.49
-28.80%
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+99.00%
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0.0405
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15,660,932 KSM
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15,660,932.27 KSM
-- KSM
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3
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4.30K(#282)
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474
+51%
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153(#158)
-15%
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0.01%
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5
+67%
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0%
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100%
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0%
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4
coin_price.reddit_ posts(24h)
3
+50%
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0
0%

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Shiba Inu Has Surged by 33 Million Percent, Outperforming Bitcoin, Says Shytoshi Kusama
Shiba Inu Has Surged by 33 Million Percent, Outperforming Bitcoin, Says Shytoshi Kusama

Shiba Inu (SHIB) has reached a lifetime gain of 33,774,726.7%. Lead developer Shytoshi Kusama compares SHIB’s growth with assets like Bitcoin, Tesla, and popular cryptos DOGE, SOL, and BNB. Kusama emphasizes further work to build respect for the Shiba Inu ecosystem.

CoinEdition2024-10-29 16:00

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Is Kusama (KSM) a good investment?

Kusama (KSM) has several features and factors that could influence its potential as an investment: Role in Polkadot Ecosystem: Kusama's integral role as a pre-production environment for Polkadot, and its technical interconnectedness with Polkadot, suggests that its success could be tied to that of Polkadot. Supply and Inflation: Kusama's supply and inflation rate, which are similar to Polkadot’s, could affect its price. While an increasing supply might exert downward pressure, inflation used for staking rewards could potentially increase demand and price. Market Trends: Kusama tends to follow collective crypto market trends, and its value has reached new highs during market rebounds. Adoption and Use: The level of adoption of KSM and its frequency of use are also factors that can influence its value. Web 3.0 Ecosystem: Kusama is part of the decentralized Web 3.0 ecosystem and could benefit from the continued development of blockchain interoperability and Web 3.0 functions.

What is the use case of KSM?

Kusama functions as a companion chain to Polkadot, replicating many of its principal design elements. Like Polkadot, Kusama operates using two distinct kinds of blockchains to manage transactions and oversee network activities. The primary network is known as the Relay Chain, where validators are staked and which possesses limited functionality, focusing on orchestrating the entire system. Additionally, there exist user-created networks termed Parachains, each potentially featuring different architectures, functionalities, and applications, depending on the individual project utilizing them.

What factors influence KSM price?

Kusama's price is influenced by various factors, including its supply and inflation rate, mirroring Polkadot’s. While increasing supply can pressure the price, staking rewards from inflation can boost demand and price. Kusama follows market trends and reflects broader economic shifts, with its value reaching new highs during market rebounds. Its price is also impacted by the adoption and usage frequency of KSM. Being technically interconnected with Polkadot, Kusama’s value is contingent on Polkadot’s success. It serves as a pre-production network for Polkadot, copying its technical capabilities with a relay chain and user-generated parachains. The popularity of Polkadot and the limitation on its parachains can potentially drive projects to Kusama, enhancing KSM’s value. As part of the decentralized Web 3.0 ecosystem, featuring blockchain interoperability, Kusama's value may further increase with the continued development of Polkadot and Web 3.0 functionalities.

What makes KSM unique?

Operating as a distinctive “Canary” testnet for Polkadot, Kusama distinguishes itself by utilizing a live blockchain network for developing decentralized applications (dApps) and projects, offering real market and testnet conditions unattainable by other chains. Kusama’s enhanced governance parameters enable it to function up to four times quicker than Polkadot, elevating its operational efficiency. A notable characteristic of Kusama is its dual blockchain structure, incorporating the primary network and user-generated Parachains. These unique Parachains facilitate users in executing separate layer-1 blockchains concurrently with the Kusama network. This capability of running distinct layer-1s, connected to the Relay Chain, not only fortifies the security of the Parachains but also significantly augments the scalability and interoperability of the Kusama network.

What gives Kusama value?

Kusama’s unique placement as a canary network for Polkadot gives it a “first-mover” advantage on many new dApps and projects for the Polkadot ecosystem. Many dApps will launch on Kusama before stabilizing and updating their product for the Polkadot network. Kusama also utilizes Parachains, separate layer-1 blockchains, which allow users to participate in token models and incentives not normally available on the Kusama Network. In order to utilize Parachains, projects need to win a slot in Parachain Auctions. Parachain slots are not only valuable but also require KSM to be locked for the duration of the lease. Participants who win a Parachain slot will need to win further auctions to renew the lease which ensures projects need a steady flow of KSM. The ultimate role of the KSM token is to maintain and operate the Kusama network. Users realize value by participating in various activities on the Kusama network, such as staking, bonding, and governance.

Can I stake KSM?

Kusama offers three methods for users to establish a wallet for staking KSM: through the Polkadot UI, the Polka Wallet, or the Polkadot JS staking app. Upon creating a wallet, users are required to bond their KSM using the staking feature of their app, remembering to reserve some KSM for gas fees. Bonded assets remain secured on the network for the bond's duration. Subsequently, users have the option to allocate their assets to up to 16 different validators. Should any of the chosen validators act improperly, they will incur penalties or slashing, resulting in a loss of a portion of the user's funds.

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PHOENXCORP
PHOENXCORP
insight112/750
217.65%
price_sidebar.roi
price_sidebar.total_pnl $938,815.34
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insight397/500
188.37%
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price_sidebar.total_pnl $3,860,531.29

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