What is Kusama (KSM)?
Kusama is a blockchain platforms predominantly built for developers. It's designed for those looking to launch bold, ambitious projects, with a quick pace of development. The network offers a framework for massive interoperability between blockchains.
Built by the same team that created Polkadot, the network utilises 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. The platform is designed to provide developers with a robust testing environment before they deploy their own blockchain and can be used as a preparatory network before launching on Polkadot, many projects choose to remain using 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. KSM is the native currency on the Kusama network, it acts as a means of value transfer and as a governance token.
Real World Example:
The Kusama Network is a self proclaimed "canary network",allowing developers to trial their concepts and ideas before launching them on the Polkadot mainnet or deploying their own blockchain.
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