Kusama Price（KSM）USD

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Kusama is an experimental version of its better known “cousin” Polkadot. It tests and improves its scalability and interoperability functions before deploying it to the Polkadot network. With its low threshold, Kusama caters to early projects with innovative and experimental ideas.
 

What is Kusama (KSM)?

Kusama (KSM) is a public pre production environment of Polkadot, running on an earlier unaudited version of Polkadot blockchain. Kusama’s function is a sandbox that allows any developer to test early versions of the Polkadot project in a real, realistic environment. As Kusama acts as a “Canary network”, it is an important part of the dot ecosystem, allowing major updates and code releases to be thoroughly tested and reviewed before being released to the public at Polkadot.

The network’s native cryptocurrency KSM is not erc20 token, because Kusama uses its own blockchain technology to manage the network. Kusama has its own token for several reasons: it is used for network governance, provides a pile foundation for network operation, connects a chain to Kusama as a quasi chain, and serves as a practical token for network users.
 

How Does Kusama (KSM) Work?

Kusama is the sister chain of Polkadot, which imitates many main design features of Polkadot network. For example, Kusama uses two types of blockchains to process transactions and network activities. The main network is called the relay chain, where the verifier is pinned. The relay chain has the smallest function and is responsible for coordinating the work of the whole system. There are also user generated networks, called parachains, which can have different architectures, functions and use cases according to the projects using each network.
 

How to Use KSM (Kusama)?

KSM can be used as a governance token to manage protocol update and repair, and it can also pay for information across parachains. Verifiers can use their KSM to ensure the security of the network and get rewards from inflation, while nominees can mortgage their KSM to verifiers to get part of the above rewards. In addition, KSM can be used to support new guidelines.

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