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The live price of Kusama (KSM) today is 29.224 USD, and with the current circulating supply of Kusama at 8,470,098.06 KSM, its market capitalization stands at 247,530,092 USD. In the last 24 hours KSM price has moved 0.1309 USD or 0.00% while 9,064,388 USD worth of KSM has been traded on various exchanges. The current valuation of KSM puts it at #179 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.
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.
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.
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.
Kusama's multi-chain architecture allows for high scalability, with the ability to process multiple transactions simultaneously across different chains.
Kusama's NPoS consensus mechanism and multi-chain architecture provide robust security against attacks and network failures.
While Kusama's blockchain is transparent, it also offers privacy features such as private transactions and confidential contracts.
Kusama is fully decentralized, with no central authority controlling the network. Its governance is handled by the community of KSM token holders.
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.
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.
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.
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.
Kusama has partnered with several notable projects in the blockchain space, including Chainlink, Moonbeam, and Acala Network.
Kusama's future plans include further enhancing its scalability and interoperability features, as well as implementing more advanced privacy and security measures.
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.
Kusama has a vibrant and active community, with numerous developers, validators, and users contributing to its growth and development.
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 Price||29.224 USD|
|Market Cap||247,530,092 USD|
|24h Volume||12,922,633 USD|
|Circulating Supply||8,470,098.06 KSM|
|Max Supply||9,651,217 KSM|
|Yesterday's Market Cap||268,962,460.58 USD|
|Yesterday's Open / Close||31.6235 USD / 31.7544 USD|
|Yesterday's High / Low||32.0841 USD / 30.5597 USD|
0.00% ( 0.1309 USD )
|Yesterday's Volume||9,064,388 USD|