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Turkmenistan
2 Level
54 Review
410 Karma

Review on Kusama by Ogulnar Annamuhammedova

Revainrating 3 out of 5

Kusama (KSM): cryptocurrency - overview

Kusama will act as a testing ground, allowing teams and developers to build and deploy parachains, or test Polkadot's management, distribution, assignment and validation functionality in a real-world environment.

With KSM, you can validate blocks, nominate validators, pay a deposit for connecting parachains, pay for messaging, and vote in referendums. These mechanisms are described in more detail in our user guide.

The distribution of KSM in the genesis block will completely repeat the distribution of DOT: if you bought DOT, then you own the same share in Kusama tokens. You can claim the rights to your KSM by following the instructions in the Kusama user manual.

After the launch of the Web3 network, the Foundation plans to distribute some of its tokens through grants and a (deliberately difficult to use) faucet to distribute KSM to those who do not currently have a DOT.

Pros
  • Kusama describes itself as canary-net: This is an early, experimental version of Polkadot, representing real economic conditions. It is economically decentralized. Kusama will last as long as the community supports it, and the team will strive to serve new, early, high-risk projects preparing for development on Polkadot.
Cons
  • I don't see any drawbacks