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Kusama(KSM)

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$29.7201
(1.36%)
0.00043894 BTC
Market Cap (Rank#231)
$251,732,371
3,718 BTC
Vol 24h
$6,387,176
94.3336 BTC
Circulating Supply
8,470,098.06
Max Supply
9,651,217
113 days agonulltx
KUSAMA PRICE ANALYSIS & PREDICTION (January 28) – KSM Finds Support After 50% Correction, Time For Rebound? 
The recent correction saw Kusama, KSM through a 50% drop near $33.5 this week, marking its lowest price level in a month. Following a sharp rejection, it bounced slightly and held the weekly low as temporal support. Following last week’s drop from around $40, KSM crossed over into this week’s […]
128 days agozycrypto
Shiba Inu Lead Dev Unveils Crazily Bullish Vision For 2024 — $0.001 SHIB Price Highly In View
Shytoshi Kusama, the lead developer of Shiba Inu (SHIB), has urged the community's commitment to its core mission amidst "distractions" in the crypto space.
132 days agonulltx
KUSAMA PRICE ANALYSIS & PREDICTION (January 9) – KSM Bounces After Losing 10% In A Week, Is The Correction Over? 
This year has been a poor start for KSM following an ongoing massive sell-off in the overall crypto space. Despite losing more than half of its price in the last two weeks, it has initiated more drops today. After breaking out in late December, KSM witnessed a massive surge in […]
156 days agocryptopotato
December Bull Run for Shib Inu (SHIB)? Team Teases Major Announcement
Shytoshi Kusama and LUCIE hinted about potential breaking news surrounding Shiba Inu before the end of 2023.
168 days agocoindesk
Shytoshi Kusama and the SHIB community Proved that ‘Meme Coins’ Are No Joke
With the launch of Shibarium this year, Shytoshi Kusama and the SHIB community have established themselves as a force to be reckoned with in DeFi and Web3.
209 days agocryptopotato
Calm Before the Storm? Shiba Inu (SHIB) Dev Teases Massive Developments
"Now, I can return and support in any way I can as we keep building," Shytoshi Kusama said.
216 days agocryptopotato
Fake Shiba Inu (SHIB) Airdrop Warning: The Community Should Watch Out for This Scam
Vet Kusama warned people that a malicious Shibarium tech channel offers a fake token distribution.
228 days agocryptopotato
Watch Out: Hackers Promote Fake BONE Airdrop via SHIB Telegram Admin Account
Vet Kusama urged people not to click on any links as there is no such distribution.
257 days agocryptopotato
Lido on Solana Seeks $1.5 Million Financial Aid to Continue Operations
The Lido on Solana project risks shutting down die to financial strain, after the winding down of Lido on Kusama and Polkadot.
258 days agocryptopotato
Millions of SHIB Burned as Lead Dev Confirms Important Development
The past 24 hours saw millions of SHIB tokens burned as Shytoshi Kusama announced yet another important development.
265 days agocointelegraph
Shibarium wallets surpass 100K after SHIB devs relaunch bridge
Shytoshi Kusama, the co-founder of the SHIB token, said the bridge was fixed with the help of Polygon Labs co-founder Sandeep Nailwal.
270 days agocryptodaily
Shiba Inu Plans Shibarium Comeback After Botched Launch
Shiba Inu's much-anticipated Shibarium network, a layer-2 solution built on Ethereum, is gearing up for a fresh launch after encountering initial setbacks. The developers are diligently addressing the issues that plagued its debut, with hopes of a smoother second attempt. Network Improvement Efforts Underway Following a problematic launch that left the network stalled and funds trapped on a bridge, Shiba Inu's lead developer, Shytoshi Kusama, has provided an update on the project's progress. Kusama revealed that the team has been diligently working to optimize the network, stating, "After two days of testing and tweaking parameters to achieve 'ready' state Shibarium is now enhanced and optimized." This involved the implementation of fail-safe measures to prevent a recurrence of the previous outage. To bolster Shibarium's stability, the development team has introduced a series of further safeguards, including rate limiting at the RPC (Remote Procedure Call) level and an automatic server reset mechanism. These measures are expected to counteract the impact of sudden surges in traffic, which contributed to the network's initial troubles. Testing Success and Initial Hiccups During its testing phase, Shibarium demonstrated its potential by facilitating an impressive 22 million transactions across millions of wallets over four months. However, the official launch encountered severe disruptions. The network suffered an 11-hour transaction stall, leaving funds stranded due to an overload triggered by an unexpected influx of transactions. As reported by blockchain security firm PeckShield, around $1.7 million worth of ETH was stuck in the Shibarium Bridge as a result of the network failure. The development team clarified that the launch failure was not due to a bridge issue, as initially speculated. Instead, the network was overwhelmed by an unprecedented surge in user transactions, causing server failures. The influx of transactions far exceeded the servers' capacity to process them efficiently. Steps Toward Redemption The network has been temporarily closed to the public as the team focuses on resolving the underlying issues. Validators responsible for processing network transactions are now being gradually onboarded to pave the way for the network's reopening. This controlled approach aims to ensure a smoother experience upon relaunch. Shytoshi Kusama's recent update indicates that Shibarium's comeback is on the horizon. Additional validators are poised to join the network, expanding its operational capacity. However, the incident had a short-term impact on SHIB token prices, with a 4.3% drop in the past 24 hours, according to CoinGecko data. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
270 days agocryptodaily
Shiba Inu Plans Shibarium Comeback After Botched Launch
Shiba Inu's much-anticipated Shibarium network, a layer-2 solution built on Ethereum, is gearing up for a fresh launch after encountering initial setbacks. The developers are diligently addressing the issues that plagued its debut, with hopes of a smoother second attempt. Network Improvement Efforts Underway Following a problematic launch that left the network stalled and funds trapped on a bridge, Shiba Inu's lead developer, Shytoshi Kusama, has provided an update on the project's progress. Kusama revealed that the team has been diligently working to optimize the network, stating, "After two days of testing and tweaking parameters to achieve 'ready' state Shibarium is now enhanced and optimized." This involved the implementation of fail-safe measures to prevent a recurrence of the previous outage. To bolster Shibarium's stability, the development team has introduced a series of further safeguards, including rate limiting at the RPC (Remote Procedure Call) level and an automatic server reset mechanism. These measures are expected to counteract the impact of sudden surges in traffic, which contributed to the network's initial troubles. Testing Success and Initial Hiccups During its testing phase, Shibarium demonstrated its potential by facilitating an impressive 22 million transactions across millions of wallets over four months. However, the official launch encountered severe disruptions. The network suffered an 11-hour transaction stall, leaving funds stranded due to an overload triggered by an unexpected influx of transactions. As reported by blockchain security firm PeckShield, around $1.7 million worth of ETH was stuck in the Shibarium Bridge as a result of the network failure. The development team clarified that the launch failure was not due to a bridge issue, as initially speculated. Instead, the network was overwhelmed by an unprecedented surge in user transactions, causing server failures. The influx of transactions far exceeded the servers' capacity to process them efficiently. Steps Toward Redemption The network has been temporarily closed to the public as the team focuses on resolving the underlying issues. Validators responsible for processing network transactions are now being gradually onboarded to pave the way for the network's reopening. This controlled approach aims to ensure a smoother experience upon relaunch. Shytoshi Kusama's recent update indicates that Shibarium's comeback is on the horizon. Additional validators are poised to join the network, expanding its operational capacity. However, the incident had a short-term impact on SHIB token prices, with a 4.3% drop in the past 24 hours, according to CoinGecko data. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
271 day agozycrypto
$0.001 SHIB Price In Sight As Shiba Inu Developers Plan Shibarium’s Public Reopening
Shiba Inu’s lead developer Shytoshi Kusama has announced that the Shibarium layer-2 network is almost ready to reopen to the public after tremendous engineering work.
272 days agonulltx
Cardano Regains Top Development Activity Slot, Polkadot And Kusama Makes Solid Moves As Well
In 2023, the development landscape in the cryptocurrency space witnessed intriguing dynamics. Polkadot and Kusama, both known for their innovative approaches to blockchain interoperability, initially dominated GitHub activity, showcasing their commitment to continuous improvement and technological advancement. This active involvement signaled their dedication to refining their platforms and fostering a vibrant developer community. Cardano Regains […]
275 days agozycrypto
Shiba Inu’s Lead Dev Unveils Ambitious Vision Amid Shibarium Debut — What To Expect From SHIB
At the 5th Blockchain Futurist Conference held in Toronto, Shytoshi Kusama, the pseudonymous lead developer of the Shiba Ecosystem, delivered a rousing keynote speech titled...
276 days agocointelegraph
Shibarium denies bridge issues, calls it FUD
Shytoshi Kusama, co-founder of the Shiba Inu ecosystem, blamed a massive influx of transactions and user activity for technical difficulties in Shibarium.
277 days agocryptopotato
Shiba Inu Lead Dev: All is Well, No Bridge Issue, This Caused the Shibarium Problems
Shiba Inu lead developer Shytoshi Kusama addresses the recent turmoil.
277 days agocryptodaily
$1.7M Worth Of ETH Stuck In Shibarium Bridge Following L2 Launch
Blockchain security firm PeckShield has reported that around $1.7 million worth of ETH is stuck in the Shibarium Bridge after its launch failed to create a meme coin rally, as was widely expected. The much-hyped and highly anticipated Shibarium Network went live late on Wednesday. ETH Stuck In Limbo Blockchain security firm PeckShield broke the news in a post on social media platform X. The firm stated that around $1.7 million worth of ETH was stuck in the Shibarium Bridge. The news comes shortly after Shibarium, a chain that was designed to facilitate the optimum utilization of dog-themed tokens such as Dogecoin (DOGE), Shiba Inu (SHIB), Bone ShibaSwap (BONE), TREAT, and the much-hyped Doge killer LEASH. Many expected the launch of Shibarium to push the price of these meme coins into orbit. However, things did not go as planned and went sideways quite quickly, with the value of the tokens plummeting. Tokens such as TREAT were down 10%, while the BONE and LEASH tokens were down 17% and 25%, respectively, over the past 24 hours. While the developments have, no doubt, left many new users disappointed. However, recovery is possible as network users adapt and reconcile with the changes. SHIB Plunges By Over 9% The Shiba Inu (SHIB) token dropped nearly 10% as users began reporting widespread bridging issues after the Shibarium network went live on Wednesday. Available data showed that transactions on the network had been stalled for hours, with users transferring around 954 ETH worth $1.7 million and $750,000 worth of BONE tokens to the contract. Additionally, users were also blocked from sending messages on community forums on Discord after reports of the issue began to surface. The Shibarium Mainnet The Shibarium mainnet is an Ethereum Layer-2 scaling solution launched by Shiba Inu on the 16th of August. The launch was initiated after months of testing and participation from millions of users. In the end, around 21 million wallets were created. Shibarium uses a new consensus mechanism called the Proof-of-Participation, which selects validators based on the proportion of the quantity of their holdings in the associated crypto asset. This helps avoid the computational costs typically associated with Proof-of-Work consensus mechanisms. The new Layer-2 solution will interact with the Ethereum blockchain and provide a more scalable and cost-effective transaction platform. Significant Traction Prior to launch, Shiba Inu’s lead developer, who uses the pseudonym Shytoshi Kusama, stated that the new Layer-2 solution has already gained significant traction from new projects interested in building on it. According to a post by the developer on X, over 100 companies are already using the Layer-2 network. Kusama has also noted that people in the tech and blockchain industry are discussing an “everyday app.” However, they added that such innovations must be conducted from a community and decentralized perspective. They further added that Shibarium incorporates both of these principles without compromising on decentralization, interoperability, and user-centric design. Kusama elaborated that while the validator and delegator aspects of the new Layer-2 solution will keep it decentralized, its true innovation lies in the governance, framework, and charter that help govern the nascent ecosystem’s technology, community, and innovative aspects. “By using Shibarium for governance in this system, alongside self-sovereign identity to ensure quality membership (Shibizenship), the metaverse as our territory, and the ability to partner with other like-minded states, we have effectively shattered what nationhood is and rebuilt it upon the Shib ethos of decentralization!” Shibarium will utilize the Heimdall validator and Bor block production nodes, similar to that of the Polygon ecosystem. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
277 days agocryptodaily
$1.7M Worth Of ETH Stuck In Shibarium Bridge Following L2 Launch
Blockchain security firm PeckShield has reported that around $1.7 million worth of ETH is stuck in the Shibarium Bridge after its launch failed to create a meme coin rally, as was widely expected. The much-hyped and highly anticipated Shibarium Network went live late on Wednesday. ETH Stuck In Limbo Blockchain security firm PeckShield broke the news in a post on social media platform X. The firm stated that around $1.7 million worth of ETH was stuck in the Shibarium Bridge. The news comes shortly after Shibarium, a chain that was designed to facilitate the optimum utilization of dog-themed tokens such as Dogecoin (DOGE), Shiba Inu (SHIB), Bone ShibaSwap (BONE), TREAT, and the much-hyped Doge killer LEASH. Many expected the launch of Shibarium to push the price of these meme coins into orbit. However, things did not go as planned and went sideways quite quickly, with the value of the tokens plummeting. Tokens such as TREAT were down 10%, while the BONE and LEASH tokens were down 17% and 25%, respectively, over the past 24 hours. While the developments have, no doubt, left many new users disappointed. However, recovery is possible as network users adapt and reconcile with the changes. SHIB Plunges By Over 9% The Shiba Inu (SHIB) token dropped nearly 10% as users began reporting widespread bridging issues after the Shibarium network went live on Wednesday. Available data showed that transactions on the network had been stalled for hours, with users transferring around 954 ETH worth $1.7 million and $750,000 worth of BONE tokens to the contract. Additionally, users were also blocked from sending messages on community forums on Discord after reports of the issue began to surface. The Shibarium Mainnet The Shibarium mainnet is an Ethereum Layer-2 scaling solution launched by Shiba Inu on the 16th of August. The launch was initiated after months of testing and participation from millions of users. In the end, around 21 million wallets were created. Shibarium uses a new consensus mechanism called the Proof-of-Participation, which selects validators based on the proportion of the quantity of their holdings in the associated crypto asset. This helps avoid the computational costs typically associated with Proof-of-Work consensus mechanisms. The new Layer-2 solution will interact with the Ethereum blockchain and provide a more scalable and cost-effective transaction platform. Significant Traction Prior to launch, Shiba Inu’s lead developer, who uses the pseudonym Shytoshi Kusama, stated that the new Layer-2 solution has already gained significant traction from new projects interested in building on it. According to a post by the developer on X, over 100 companies are already using the Layer-2 network. Kusama has also noted that people in the tech and blockchain industry are discussing an “everyday app.” However, they added that such innovations must be conducted from a community and decentralized perspective. They further added that Shibarium incorporates both of these principles without compromising on decentralization, interoperability, and user-centric design. Kusama elaborated that while the validator and delegator aspects of the new Layer-2 solution will keep it decentralized, its true innovation lies in the governance, framework, and charter that help govern the nascent ecosystem’s technology, community, and innovative aspects. “By using Shibarium for governance in this system, alongside self-sovereign identity to ensure quality membership (Shibizenship), the metaverse as our territory, and the ability to partner with other like-minded states, we have effectively shattered what nationhood is and rebuilt it upon the Shib ethos of decentralization!” Shibarium will utilize the Heimdall validator and Bor block production nodes, similar to that of the Polygon ecosystem. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
278 days agocryptopotato
$1,800 For a Signed Copy of Shiba Inu’s Lead Developer New Book?
The recently-revealed book of Shytoshi Kusama costs a whopping 1 ETH if you want it signed.
278 days agocryptopotato
Shiba Inu’s LEASH Token Plunges on Underwhelming Announcement, But There’s More
LEASH holders are not happy with Shytoshi Kusama's much-hyped initial announcement.
279 days agocryptopotato
Shibarium Nearly Complete, Shiba Inu With a New Major Announcement
Kusama has confirmed that Shibarium is nearly complete, while also revealing another important partnership.
286 days agocointelegraph
How Self-Sovereign Identity helps users own their data
SHIB’s lead developer Shytoshi Kusama recently unveiled plans to integrate Self-Sovereign Identity into Shiba Inu projects.

About Kusama?

The live price of Kusama (KSM) today is 29.7201 USD, and with the current circulating supply of Kusama at 8,470,098.06 KSM, its market capitalization stands at 251,732,371 USD. In the last 24 hours KSM price has moved -1.524099 USD or -0.05% while 7,126,793 USD worth of KSM has been traded on various exchanges. The current valuation of KSM puts it at #231 in cryptocurrency rankings based on market capitalization.

Learn more about the Kusama blockchain network and how it works or follow the price of its native cryptocurrency KSM and the broader market with our unique COIN360 cryptocurrency heatmap.

Introduction

Kusama (KSM) is a unique, experimental blockchain platform designed to provide a scalable and interoperable framework for developers. It is often referred to as a "canary network" for Polkadot, serving as a testing ground for new features and upgrades before they are implemented on the Polkadot network. Kusama's key features include its scalability, security, privacy, and decentralization.

Technology & Mechanism

Consensus Mechanism

Kusama uses a hybrid consensus mechanism called Nominated Proof-of-Stake (NPoS), which combines elements of both Proof-of-Stake (PoS) and delegated Proof-of-Stake (dPoS) mechanisms.

Blockchain Technology

Kusama operates on a multi-chain, or "sharded", blockchain model. This allows for high scalability and the ability to process multiple transactions simultaneously across different chains.

Key Features

Scalability

Kusama's multi-chain architecture allows for high scalability, with the ability to process multiple transactions simultaneously across different chains.

Security

Kusama's NPoS consensus mechanism and multi-chain architecture provide robust security against attacks and network failures.

Privacy

While Kusama's blockchain is transparent, it also offers privacy features such as private transactions and confidential contracts.

Decentralization

Kusama is fully decentralized, with no central authority controlling the network. Its governance is handled by the community of KSM token holders.

Development Team & Governance

Kusama is developed by the Web3 Foundation and Parity Technologies, the same team behind Polkadot. Its governance model is community-driven, with KSM token holders having the ability to vote on network upgrades and changes.

Use Cases & Potential Impact

Kusama's scalable and interoperable framework makes it ideal for a wide range of applications, including DeFi, IoT, gaming, and more. Its potential impact on these industries is significant, as it offers a more efficient and secure alternative to traditional blockchain platforms.

Purchase & Storage

How to Buy

KSM tokens can be purchased on several major exchanges, including Binance, Kraken, and Huobi. They can also be earned through staking and participating in the network's governance.

Wallets & Storage

KSM tokens can be stored in a variety of wallets, including hardware wallets like Ledger and Trezor, as well as software wallets like Polkawallet and Trust Wallet.

Partnerships & Collaborations

Kusama has partnered with several notable projects in the blockchain space, including Chainlink, Moonbeam, and Acala Network.

Roadmap

Kusama's future plans include further enhancing its scalability and interoperability features, as well as implementing more advanced privacy and security measures.

Risks & Challenges

Like any blockchain project, Kusama faces potential risks and challenges, including regulatory hurdles, technological issues, and market volatility. However, its strong development team and community support provide a solid foundation for overcoming these challenges.

Community & Regulatory Compliance

Community

Kusama has a vibrant and active community, with numerous developers, validators, and users contributing to its growth and development.

Regulatory Compliance

Kusama is committed to complying with all relevant regulations and laws, and works closely with legal experts to ensure its operations are fully compliant.

In conclusion, Kusama is a groundbreaking blockchain platform that offers a scalable, secure, and interoperable framework for developers. With its strong development team, active community, and innovative features, it holds great potential for disrupting various industries and shaping the future of blockchain technology.

Kusama Price29.7201 USD
Market Rank#231
Market Cap251,732,371 USD
24h Volume6,387,176 USD
Circulating Supply8,470,098.06 KSM
Max Supply9,651,217 KSM
Yesterday's Market Cap245,197,840 USD
Yesterday's Open / Close30.4727 USD / 28.9486 USD
Yesterday's High / Low31.2518 USD / 28.7465 USD
Yesterday's Change
-0.05% ( 1.524099 USD )
Yesterday's Volume7,126,792.50 USD
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