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Buy Kusama (KSM)

$44.40 AUD

 2.30% ()

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What is Kusama (KSM)?

Kusama (KSM) is a permissionless, open-source, decentralised blockchain platform created to give developers a platform on which to create and implement decentralised apps and services. Kusama emphasises its focus on governance and community involvement while aiming to be an experimental network for testing novel concepts and technology.

The History of Kusama

Gavin Wood, the creator of Parity Technologies, introduced Kusama in 2019 as the "wild cousin" of Polkadot. Before launching their blockchain applications on Polkadot, which is supposed to be a more reliable, secure, and scalable network, developers can test them on the experimental network Kusama. Kusama was created to provide a platform for creativity, risk-taking, and experimentation where developers may test out cutting-edge concepts and technologies without worrying about jeopardising the Polkadot network.

The Use Case of Kusama

Kusama seeks to offer a platform for developers to create and distribute decentralised applications and blockchain-based services that can be used in a variety of industries, including gaming, healthcare, and finance. Developers can build applications that can communicate with other blockchain networks thanks to Kusama's interoperability with Polkadot and other blockchain platforms, offering more capability and flexibility.

Kusama also highlights its emphasis on governance and community involvement, with stakeholders having the ability to vote on numerous choices pertaining to the creation and administration of the network. The governance structure of Kusama seeks to be open, democratic, and decentralised, allowing stakeholders to have a say in how the network will develop in the future.

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KSM Price Statistics

coingecko
Kusama Price
$44.40
24H Low/24H High
$42.74/$44.92
7D Low/7D High
$26.94215/$30.794276
Trading Volume
$25,699,877.00
Market Cap Rank
#249
Market Cap
$399,246,781.00
Volume/Market Cap
$0.064371
All-Time High
$798.49 -94.43%
18 May 2021 (almost 3 years)
All-Time Low
$1.27 3,398.56%
14 Jan 2020 (over 4 years)
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