About Kusama

What is the Kusama price today?

The KSM price is currently $24.46. The price of Kusama is +10.53% over the last 30 days. You can use the live Kusama chart to track the KSM/USD price in real time above, or compare the Kusama value today to its past performance using the Kusama price history tab at the top of this page.

What is the total supply of KSM?

The circulating supply is 8,470,098.06 KSM, out of a total maximum supply of 0.00 KSM.

What is the price prediction for Kusama?

The average Kusama price prediction values the coin at $41.44 by the end of 2024. Things like the economic climate, establishment support and acceptance, and the crypto market as a whole can all have an impact on the price.

It’s best to take predictions with a grain of salt but you can use expert estimates to help you understand the weight of opinion about a coin.

What is Kusama?

Kusama is a testing ground for the Polkadot network, a place for developers to try out new features with looser restrictions and test them in live environments.

The KSM coin is the cryptocurrency that’s linked to the blockchain. KSM holders get the chance to vote on governance issues, with voting power based on how many tokens you own.

How does Kusama work?

Kusama works using a blockchain to store and host its data. There is one main blockchain, known as the ‘Relay Chain’, alongside lots of smaller, customisable blockchains, known as ‘parachains’.

Individual developers or companies can set up parachains, which have a low barrier to entry in order to facilitate innovation. The parachains then piggy-back off of resources of the main Relay Chain, which means they can run simultaneously while remaining secure.

How is the Kusama network secured?

Kusama uses a consensus mechanism known as ‘nominated Proof of Stake’. Anyone who stakes KSM coins can validate new transactions, or nominate someone else to act as validator.

While Kusama is secure, it naturally takes a more relaxed approach to security than Polkadot, its cousin. The whole point of Kusama is to act as a testing ground for innovation that might be rolled out to improve Polkadot in the future.

What is Kusama used for?

KSM’s main use is for staking, where you can use your coins to access governance rights or to help validate transactions, and then earn more KSM tokens as a reward.

You can also use KSM to speculate on the network’s performance, or as an investment in the wider success of the Polkadot network, as the two coins are so closely linked.

Why does KSM have value?

It has value as it’s vital to the running of the network. You must have KSM in order to act as a validator or to build on the network. Therefore the more demand there is to build on the network, the higher KSM’s value is likely to be.

It also has value because of its link to the Polkadot network. If Polkadot is successful, then there’s likely to be an increase in the KSM price as well.

Who created Kusama?

Like Polkadot, Kusama was created by Dr. Gavin Wood, one of the minds behind the original Ethereum project. Its co-founders were Peter Czaban and Robert Habermeier.

Where can I buy Kusama?

You can buy Kusama on a crypto exchange. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock platform.

Most cryptocurrency brokers allow you to keep the coins you buy in your account. However, you may want to sign up for a dedicated crypto wallet for some extra security.

Are there any other ways to invest in Kusama?

The simplest way to invest in Kusama is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.

You can also invest in crypto more generally through a crypto ETF or a crypto fund. These are financial instruments that give you exposure to a group of leading cryptocurrencies, more suited to high net worth individuals.

Are there any Kusama alternatives?

Yes, in the sense that there are a lot of other smart contract platforms like Polkadot and Kusama. There are also other coins which act as testing grounds for larger, more popular cryptocurrencies. Here are some Kusama alternatives.

• Polkadot. Polkadot is a smart contract platform. Kusama is the ‘canary in the coal mine’ for the Polkadot network.
• Ethereum. Ethereum is the largest smart contract blockchain in the world.
• Litecoin. Litecoin is a cryptocurrency that can act as a testing ground for Bitcoin.

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