Kusama is an independent blockchain network, a powerful testing and innovation platform within the Web3 ecosystem.
The project was built by Gavin Wood, providing a faster and more flexible development environment than Polkadot with a decentralized governance system alongside a distinct community and token.
MAIN CONTENT
Kusama operates as a canary network, testing and deploying Web3 technology faster than Polkadot.
The multi-chain model with Relay Chain and Parachains ensures high security and customization.
The KSM token plays a crucial role in governance, staking, and parachain slot auctions.
What is Kusama?
Kusama is an independent blockchain built on Substrate, established in 2019 by Gavin Wood – co-founder of Ethereum and Polkadot.
This network serves as a rapid testing environment for Polkadot, allowing the development and adjustment of Web3 solutions at high speed and with fewer constraints.
With fully autonomous operation, Kusama has its own community, real-world products, and the KSM token, not just a testnet but a true network.
How does Kusama operate?
Based on a multi-chain structure, Kusama includes the Relay Chain – the central chain responsible for security and consensus, along with Parachains – customizable child chains serving various purposes. This strategy maximizes the potential for flexible development and multi-chain interaction.
The Relay Chain operates under the Nominated Proof-of-Stake (NPoS) consensus mechanism, with validators responsible for block verification and nominators staking KSM to nominate trusted validators.
Parachains operate independently, leveraging the security of the Relay Chain and supporting a variety of applications such as DeFi, NFT, gaming, and DAO.
Kusama is "a vibrant creative playground where bold ideas are tested to shape the future of a decentralized internet."
Gavin Wood, Founder of Polkadot and Kusama, 2024
What are Kusama's outstanding advantages?
Kusama stands out with its rapid development speed, innovative testing environment, and flexible parachain customization. The network has a comprehensive decentralized governance mechanism, enabling the community to contribute to sustainable development.
In particular, thanks to high interoperability through Cross-Chain Message Passing (XCMP), Kusama tightly links with other chains in the Polkadot ecosystem, effectively and creatively expanding the ecosystem.
What are the main products of Kusama?
What is the Relay Chain – the central chain of Kusama?
The Relay Chain is the backbone of the Kusama network, ensuring security, consensus, and connecting the parachains. The NPoS consensus mechanism helps maintain the system efficiently through the roles of validators and nominators, contributing to transaction validation and secure network operation.
The Relay Chain does not integrate smart contracts but focuses on maintaining stability and multi-chain connectivity, creating a solid foundation for parachains to develop independently.
How do Parachains – specialized child chains operate?
Parachains are customizable blockchains serving diverse fields: DeFi, NFT, data security, or gaming. Notable parachains such as Karura (DeFi), Moonriver (Ethereum-compatible smart contracts), Shiden Network (multi-platform), Khala Network (security), and Bifrost (staking liquidity) have demonstrated the practical application power of Kusama.
The allocation of parachain slots through auctions creates healthy competition, ensuring that only quality and potential projects connect with the Relay Chain.
What is Substrate – the blockchain development toolkit?
Substrate is an open-source framework from Parity Technologies that supports rapid construction of customizable blockchains with available modules like consensus, staking, and governance. This foundational technology enables Kusama and related projects to operate flexibly and develop continuously.
What is the overview of the KSM token and its tokenomics?
KSM is the utility and governance token on the Kusama network, built on the NPoS standard to incentivize staking and community governance. The total supply reaches 10 million tokens, of which about 8.98 million KSM is in circulation.
Component Quantity (Token) % Notes Private 20,100,000 33.5% Price 0.10 USD – unlock 7.5% at TGE, linear vesting 10%/month Treasury 6,000,000 10% Unlock 10% at TGE + 14 days, vesting 5% per month Marketing & Development 9,000,000 15% 1-month lock, linear vesting from month 2 Team 3,000,000 5% 12-month lock, 20% vesting quarterly Community Incentives 11,100,000 18.5% Flexible distribution, unlock conditions unclear Advisor 2,700,000 4.5% 6-month lock, 5% vesting per month Seed Sale 5,100,000 8.5% Price 0.06 USD – unlock 5% at TGE, 10% vesting/month Public Sale 1,800,000 3% Price 0.12 USD – unlock 20% at TGE, 10% vesting/month Float Liquidity 1,200,000 2% Fully unlocked at TGE
The KSM token is used for governance, staking rewards, transaction fee payments, and parachain slot auctions, playing a key role in the operation of the network.
What is the Kusama roadmap for the upcoming quarters?
In Q1-2/2025, Kusama focuses on transferring staking and governance functions to the Asset Hub to reduce load on the Relay Chain, while developing the Incognitee data security solution with a Kusama-Polkadot bridge. The testing process begins at the end of 2024, with completion expected in mid-2025.
In Q3-4/2025, the network will expand by deploying parachains optimized for local transaction processing, while reinforcing decentralized governance through a super-level DAO system and local communities, enhancing coordination efficiency.
Who are the Kusama team, investors, and partners?
Who are the Kusama project team members?
Kusama is developed by Parity Technologies, with Gavin Wood – founder of Polkadot, former CTO of Ethereum, and author of the Solidity language – leading the technology. The experienced team of engineers and researchers at Parity is responsible for operating and upgrading the network.
Who are Kusama investors?
Unlike many other cryptocurrency projects, Kusama does not conduct fundraising through VC rounds but distributes tokens fairly through airdrops and parachain slot auctions, increasing decentralization and transparency.
Who are Kusama's strategic partners?
Notable parachain projects include Moonriver, Karura, Shiden Network, Khala Network, Bifrost, along with important technical infrastructure like Substrate, Web3 Foundation, and wallets like Polkadot JS, Talisman, SubWallet contributing to the robust development of the Kusama ecosystem.
Expert opinion on Kusama
Kusama is regarded as an ideal testing platform for the development of Web3 technology with a dynamic community and strong infrastructure, contributing to the formation of a large Polkadot ecosystem. The continuous innovation with a "chaotic but constructive" approach promises many breakthroughs.
Kusama is "a living experiment that helps Polkadot improve while promoting the development of open blockchain technology."
Dr. Gavin Wood, Founder of Parity Technologies, 2023
Summary about Kusama
Kusama is not only a testing network for Polkadot but also an independent blockchain network, leading technological innovation and decentralized governance. It is a crucial environment for breakthrough ideas, contributing to the sustainable development of the global Web3 ecosystem.
The information in this article is for reference only and is not investment advice.
Frequently Asked Questions
How does Kusama differ from Polkadot?
Kusama is a testing network with a rapid development speed and fewer constraints than Polkadot, while maintaining the same technological foundation but with its own token and community.
What is the function of the KSM token in the Kusama network?
KSM is used for governance, staking rewards, transaction fee payments, and participating in parachain slot auctions.
How do projects become Parachains on Kusama?
Projects participate in parachain slot auctions, competing for the right to connect to the Relay Chain by locking KSM tokens.
Who founded and developed Kusama?
Kusama is developed by Parity Technologies under the leadership of Gavin Wood – founder of Polkadot and co-founder of Ethereum.
Is Kusama a testnet?
Kusama is not merely a testnet but a real blockchain network, operating independently with its own token, products, and community.
Source: https://tintucbitcoin.com/kusama-ksm-la-gi/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
