Kusama KSM

1. Summary

Ranks

Liquidity

99

Developer

-

Social

97

Momentum (beta)

89

Stack Rank™

-

Price

$15.48 -0.8%

Market Cap

$260.94M (#240)

Supply

16.48M / 16.48M

Tags

Smart Contracts Polkadot Ecosystem Proof of Stake (PoS) Pantera Capital Portfolio Made in USA Coinbase 50 Index

More Metrics

Price
52W High price	$49.17
52W High date	24th Nov 2024 (8 months ago)
All Time High (ATH) Date	18th May 2021 (4 years ago)
ATH Price	$621.71
% From ATH	-97.06%
All Time Low (ATL) Date	14th Jan 2020 (5 years ago)
ATL Price	$0.88
% From ATL	1981.88%

Supply & Trading Volume
Trading Volume (24h)	$14.33M
Total Supply	16.48M
Circulating Supply	16.48M

Less Metrics

Description

Overview

Read More

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.

Show Less