Kusama (KSM)

Kusama is an early, experimental version of Polkadot that exists as an independent network.

Whitepaper

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Interest lvl

Highest

Updated: Oct 25, 2024

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User Rating

Medium

3/5 • 1 votes

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Ticker

KSM

Type

Utility-token

FoundedUnited Kingdom

Registration countryGermany

Registration year2019

Office address

• Ignition Law, 1 Sans Walk, London, England, EC1R 0LT
• Deutschland GmbH, Glogauer Str. 6, 10999 Berlin, Germany

Ecosystems

Polkadot Kusama

What is Kusama

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.

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.