Kusama blockchain network is intended to be a canary development for the Polkadot platform. This public pre-production ecosystem serves as a sandbox that allows developers to experiment and test new features or blockchains, or test staking and validation functionality before implementing them on the Polkadot network. Its experimental nature results in faster and less rigid governance parameters and a higher tolerance for risks. No wonder some projects such as Pokadot’s liquidity hub Acala DeFi will be launching its EVM-compatible network, Karura on Kusama first before rolling it out on Polkadot. Polkadot tests upgrades on the network prior to their release.
Similarities With Polkadot
As it is an experimental environment, Kusama shares the same codebase as Polkadot’s. It also implements a main network known as the relay chain, that links all other blockchains together and processes transactions. Kusama also uses parachains, user-generated networks that can be customized and can share data and the availability of other chains in the ecosystem.
Kusama utilizes a nominated proof-of-stake consensus algorithm. It allows users to stake tokens as well as receive rewards and transaction fees. The good thing about developing a project on Kusama is that it provides them an opportunity to establish a user base and be on the rise even before its official launch.
Founded by Polkadot creators Gavin Wood, Peter Czaban, and Rober Habermeier, Kusama has been gaining popularity since it was first launched in 2019. Although experimental in nature, Kusama has a real economic condition. KSM powers it and it is also its own native token. Some of its uses are validating, bind parachains, voting on governance, and nominate validators.
The Kusama Token
The introduction of the KSM token was initially as an airdrop to those who took part in Polkadot token sale. Kusama has a total of 10 million tokens with over 8.47 million tokens in circulation as of November 2020. This maximum supply increases at a rate of 10% per year. Unlike some blockchains that have a fixed supply and Polkadot that redenominates to shoot up its circulating supply.