|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||-2.74%||Market Cap||$159 988 237|
|Available supply||8 470 098 KSM|
|Volume 24h||$6 833 418|
|Updated||Wednesday, September 27, 2023 6:00:04PM 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, $|
|Sep 18||18.63||18.57||19.41||162 110 218|
|Sep 19||19.06||19.03||19.38||163 281 879|
|Sep 20||19.32||19.15||19.66||166 011 571|
|Sep 21||19.67||19.19||19.91||163 421 580|
|Sep 22||19.30||18.70||19.51||159 709 362|
|Sep 23||18.90||18.56||19.10||157 518 292|
|Sep 24||18.68||18.52||18.94||157 117 044|
|Sep 25||18.25||18.25||18.92||159 551 754|
|Sep 26||18.93||18.69||18.98||159 278 152|
|Sep 27||18.87||18.86||19.28||159 988 237|
* 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||89.6%||4||$26 210.63||0.14%||-3.74%||$511 042 042 519|
|2||ETH||Ethereum predictions||93.2%||6||$1 595.67||0.61%||-2.12%||$191 853 154 532|
|3||USDT||Tether predictions||92.4%||1||$0.999302||-0.03%||-0.08%||$83 208 764 786|
|4||BNB||Binance Coin predictions||94%||4||$211.82||0%||-1.92%||$32 587 966 771|
|5||XRP||XRP predictions||92%||8||$0.502536||-0.41%||-3.20%||$26 757 645 992|
|6||USDC||USD Coin predictions||94.8%||1||$1.000082||0%||0.01%||$25 524 583 774|
|7||STETH||Lido stETH predictions||96%||1||$2 941.39||-0.40%||-3.32%||$10 258 752 564|
|8||WTRX||Wrapped TRON predictions||89.2%||16||$0.084835||1.21%||0.19%||$8 625 708 807|
|9||ADA||Cardano predictions||91.2%||10||$0.243814||-0.40%||-4.25%||$8 564 830 439|
|10||DOGE||Dogecoin predictions||94%||6||$0.060492||0.30%||-3.04%||$8 540 349 300|
|11||SOL||Solana predictions||86.8%||23||$18.92||-1.40%||-6.80%||$7 810 238 767|
|12||TRX||TRON predictions||84.4%||20||$0.085185||0.79%||0.50%||$7 589 746 104|
|13||TON||Toncoin predictions||57.6%||86||$2.17||0.23%||-11.19%||$7 446 763 148|
|14||DAI||Dai predictions||94.4%||1||$0.999141||-0.05%||-0.07%||$5 343 294 102|
|15||DOT||Polkadot predictions||85.6%||16||$4.00||-0.11%||-2.82%||$4 915 661 831|
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