Kusama(KSM)

Kusama is an open source, blockchain-based platform and a decentralized network protocol. It is a network developed and launched by the Web3 Foundation, and serves as an experimental platform for engineers and developers to explore, test, and build new applications and technologies on the blockchain. The goal of Kusama is to provide an environment for innovation and experimentation for the blockchain, and to identify and strengthen the development of the Polkadot protocol.

Kusama is a proof-of-stake (PoS) blockchain, meaning that its consensus mechanism (the method by which it reaches agreement on the validity of transactions) is based on staking. This means that instead of miners, validators are responsible for maintaining the network and confirming transactions. Validators must stake KSM tokens in order to participate in the network, and if they validate a block that is not accepted as valid by the majority of the network, their stake will be slashed (i.e. reduced).

Kusama is designed to be a platform for developers to explore and experiment with new applications, technologies, and protocols. This means that it allows for the development of new applications and protocols without the need for hard forks or the risk of a split chain

Founder: Gavin Wood