Kusama KSM

1. Summary

Ranks

Liquidity

98

Developer

-

Social

97

Momentum (beta)

27

Stack Rank™

-

Price

$21.65 +4.9%

Market Cap

$329.83M (#171)

Supply

15.12M / 15.12M

Tags

Polkadot Ecosystem Proof of Stake (PoS) Pantera Capital Portfolio

More Metrics

Price
52W High price	$59.77
52W High date	14th Mar 2024 (4 months ago)
All Time High (ATH) Date	18th May 2021 (3 years ago)
ATH Price	$621.71
% From ATH	-96.28%
All Time Low (ATL) Date	14th Jan 2020 (4 years ago)
ATL Price	$0.88
% From ATL	2540.01%

Supply & Trading Volume
Trading Volume (24h)	$16.86M
Total Supply	15.12M
Circulating Supply	15.12M

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Description

Overview

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Overview

Kusama is a public blockchain network that runs on the same codebase as Polkadot, acting as an experimental environment for new features that will eventually be deployed to Polkadot. This network is designed for speed and experimentation, providing a setting for developers to build and deploy new blockchain projects and applications before they are released on Polkadot.

Key Features

• Hybrid Consensus Algorithm: A combination of Nominated Proof of Stake (NPoS), Proof of Stake (PoS), and Proof of Authority (PoA) validates and produces new blocks, ensuring high security and decentralization.
• Parachains: Individual blockchain networks built within Kusama, allowing developers to deploy and test their apps without creating a new network.
• Bridges: Interoperability between different blockchain networks for exchanging value and data.
• Governance: Token holders vote on significant issues, with a unique system of referenda and proposals.
• Security: A scalable consensus layer and security modules for detecting abnormal activities.

Token

• KSM: The native token of the Kusama network, used for staking, transaction fees, and governance.
• Staking and Governance: KSM holders can stake tokens to support validators, partly govern the network, and participate in voting.

Ecosystem

• Interoperability: The ability to exchange value and data between different blockchain networks.
• Developer Environment: A space for experimentation and innovation, supporting rapid development and deployment.
• Community Governance: Token holders collectively manage and own the network, with no central authority.

Launch

• 2019: Kusama was founded by Gavin Wood and other Polkadot founders as a testing ground for new blockchain ideas and experiments.

Kusama in Practice

• Role in Polkadot: Serves as a 'canary in the coal mine' for Polkadot, hosting initial versions of features and applications before they are deployed on Polkadot.

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