Kusama is an early, unrefined, and unaudited version of Polkadot. It serves as a space where teams and developers can create and use a parachain, or try out Polkadot’s governance, staking, nomination, and verification functions in a real environment.
In this article, we will touch on topics such as “Kusama KSM coin, Kusama coin, KSM Coin, buying KSM Coin, where to buy Kusama Coin”.
What is KSM Coin?
KSM coin is the governance token of the Kusama platform. The Kusama platform, created using the same codebase as Substrate and Polkadot, is a scalable, specialized Blockchain network. The network serves as an experimental development environment for teams looking to move quickly and innovate on Kusama, or prepare for deployment on Polkadot.
In addition, Kusama was founded in 2019 by Gavin Wood, the founder of Polkadot and the former CTO and co-founder of Ethereum.
On the other hand, Kusama offers developers the latest technology from Parity Technologies and the Web3 Foundation. Moreover, Kusama’s fragmented blockchains and open governance provide a scalable and future-proof infrastructure for the deployment and maturation of businesses, markets, and applications.
At this point, it will also be useful to look at the numerical data of KSM coin. According to CoinMarketCap, at the time of writing, Kusama KSM coin is trading at $32.28 and ranks 51st in terms of market value with a trading volume of $273,406,644 USD. It is also known that the KSM coin saw its lowest level at $0.9143 on January 14, 2020, and its record high at $58.71 on September 2, 2020.
Kusama Network
Through the Kusama network, users can create their own blockchains. Kusama offers users the opportunity to move quickly and create products. The platform enables developers to move quickly in the governance and upgrading process, facilitating rapid progress and growth.
In addition, the low entry fees of the platform also provide an advantage for users. Furthermore, Kusama’s advanced technology allows developers to create private and multi-chain blockchains.
Kusama is owned and managed by a community of network participants who vote and control the network’s development. Thus, users can have a say in the network. They can also benefit from Polkadot’s global brand and developer community for their parachain, parathread, or dApps.
Perhaps most importantly, users can transfer their applications from the Kusama platform to Polkadot after creating them.
Kusama Coin Review
The recent record high of Kusama coin and its upward trend graph are attracting positive comments from investors. In addition, the small difference between the current price and the record price maintains its popularity.
Additionally, the speed of the platform behind Kusama coin and giving users a say are also considered as positive features.
How to Buy Kusama Coin?
Regarding where to buy Kusama Coin, you can easily purchase Kusama KSM coin through Binance, one of the world’s fastest and most reliable cryptocurrency platforms.
