|Kusama (KSM)||Buy Kusama Now|
|Kusama is an early, unaudited, and unrefined release of Polkadot. Kusama aims to serve as a proving ground, allowing teams and developers to build and deploy a parachain or try out Polkadot’s governance.|
|Change 7d||15.23%||Market Cap||$254 468 384|
|Available supply||8 470 098 KSM|
|Volume 24h||$23 573 274|
|Updated||Thursday, December 1, 2022 1:00:05PM UTC|
General KSM facts, technical details and Kusama Cryptocurrency information
Self-described as "Polkadot's wild cousin," Kusama is an experimental blockchain platform that is designed to provide a massively interoperable and scalable framework for developers. Kusama is built on Substrate — a blockchain building kit developed by Parity Technologies. Kusama has almost the same codebase as Polkadot — one of the most successful interoperable blockchains.
By deploying on Kusama, fast-paced projects gain access to a highly scalable, interoperable sharded network, with features that are not yet available on Polkadot. To that end, Kusama describes itself as a “canary network.”
The platform is designed to provide a testbed for developers looking to innovate and deploy their own blockchain and can be used as a preparatory network before launching on Polkadot — though many projects opt to stick with Kusama for their final product. Kusama benefits from a low barrier to entry for deploying parachains, low bond requirements for validators, and is most commonly used by early-stage startups and for experimentation.
Kusama was built by the same team that created Polkadot, a company known as Parity Technologies. Its founder is Dr. Gavin Wood, a world-renowned computer scientist and programmer, who also co-founded Ethereum. Parity Technologies has an extensive team comprised of some of the world's most successful blockchain engineers, and has over 100 employees in total spread throughout the world.
In addition, Kusama is funded by grants from the Web3 Foundation, which was launched to help "nurture and steward technologies and applications in the fields of decentralised web software protocols." The Web3 foundation also supports Kusama with research and community development thanks to its growth team.
Kusama is unusual among blockchain platforms since it is predominantly built for developers that want to launch bold, ambitious projects, with a fast-evolving pace of development. It is built on a multichain, heterogeneously-sharded design that uses a nominated proof-of-stake (NPoS) consensus system — an alternative consensus mechanism to the energy intensive proof-of-work (POW) scheme employed by several other blockchains.
This system enables it to perform rapid on-chain upgrades without a fork, and support cross-chain message passing (XCMP) to enable communication with other parachains on the Kusama network.
Like Polkadot, Kusama features on-chain governance capabilities. This on-chain governance is both decentralized and permission-less, allowing anybody with Kusama (KSM) tokens or parachain tokens to vote on their respective governance proposals, which might include putative upgrades, changes to the protocol, and feature requests. This on-chain governance procedure is roughly four times faster than that offered by Polkadot, with a combined voting and enactment period of just 15 days — leading to the rapid pace of development for projects built on Kusama. The project serves projects that want to hit the ground running, launching updates and improvements without the need to implement a fork to do so — thereby ensuring maximum community cohesion.
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Nov 22||24.28||23.43||25.40||215 149 739|
|Nov 23||25.57||25.28||26.40||221 604 711|
|Nov 24||26.26||25.84||26.58||223 018 109|
|Nov 25||26.46||26.05||26.79||222 183 195|
|Nov 26||26.23||26.23||26.94||224 541 759|
|Nov 27||26.66||26.39||27.19||225 485 556|
|Nov 28||25.81||24.92||25.91||216 583 352|
|Nov 29||25.62||25.61||26.89||227 175 963|
|Nov 30||26.83||26.83||30.19||255 692 274|
|Dec 01||29.91||29.40||30.04||254 468 384|
* Crypto Rating accepts no liability for any errors in the Kusama information, KSM Prices and KSM's Market Cap. For the most up-to-date prices please visit the Kusama's official website.
|#||Crypto||Prediction||Accuracy||CVIX||Price||24h||7d||Market Cap||7d price change|
|1||BTC||Bitcoin predictions||65.2%||75||$17 136.61||1.72%||3.61%||$329 394 279 866|
|2||ETH||Ethereum predictions||67.6%||73||$1 287.40||1.81%||7.74%||$157 543 939 698|
|3||USDT||Tether predictions||92%||1||$1.000057||0.01%||0.07%||$65 366 394 946|
|4||BNB||Binance Coin predictions||66.8%||64||$296.09||-1.06%||-0.76%||$47 365 898 356|
|5||USDC||USD Coin predictions||96%||1||$1.000083||0.01%||-0.01%||$43 257 030 320|
|6||BUSD||Binance USD predictions||92.4%||1||$1.000274||0%||-0.03%||$22 221 457 711|
|7||XRP||XRP predictions||73.6%||57||$0.402238||0.59%||6.10%||$20 228 573 518|
|8||DOGE||Dogecoin predictions||59.2%||87||$0.104596||-0.37%||29.10%||$13 876 834 543|
|9||ADA||Cardano predictions||64.4%||74||$0.318176||1.16%||1.52%||$10 960 116 359|
|10||STETH||Lido stETH predictions||94.4%||1||$2 941.39||-0.40%||-3.32%||$10 258 752 564|
|11||MATIC||Polygon predictions||64.8%||73||$0.925891||6.60%||9.08%||$8 087 029 117|
|12||DOT||Polkadot predictions||66.4%||66||$5.40||0.29%||0.77%||$6 163 240 357|
|13||DAI||Dai predictions||95.6%||1||$0.999871||0.01%||-0.01%||$5 657 536 504|
|14||WTRX||Wrapped TRON predictions||70.4%||63||$0.054728||1.69%||5.13%||$5 564 483 633|
|15||LTC||Litecoin predictions||62.8%||78||$77.28||-0.94%||-0.04%||$5 543 421 217|
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