Top 5 Kusama
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💎 Helpful Crypto Resources 💎
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Defi Tracker: https://defillama.com/chains
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Time Stamps:
0:00 - Start
0:14 - Introduction
0:50 - Top Projects on The KUSAMA
2:14 - Picasoo #1
4:28 - Quartzz #2
5:35 - Bit.Country #3
7:03 - Genshiro #4
10:58 - End
👨🏫Kusama Recap👨🏫
Kusama was created by Dr. Gavin Wood as a way of testing Polkadot under real economic conditions. Unlike a regular testnet, Kusama exists as its own independent cryptocurrency In terms of tech, Kusama and Polkadot are basically identical. The two primary differences are that Kusama’s code is not audited, and all non-transaction related processes are 4 times faster on Kusama .
📊KSM Price Analysis📊
It’s possible that the demand that will be created by parachain slot auctions on Kusama has already been priced in to KSM. Late adopters could still push up the price like mad when they begin however 👀Possible Parachain Problems👀 There are only two things that could take the wind out of Kusama’s wings and these are network issues and Polkadot’s own upcoming parachain slot auctions.
Moreso, the Kusama blockchain network provides a working market and testnet conditions that other networks can't match. In addition to maintaining scalability and interoperability, Kusama can achieve up to four times quicker performance than Polkadot. This is why most upcoming blockchain projects are queuing up to use the Kusama network to deploy their Dapps.
Kusama parachain slots are distributed via an auction system, and the network has held 28 auctions so far, starting from June 2021.
Projects use crowdloans to win auctions by getting supporters to stake (bond) coins (KSM or DOT) and rewarding them with the project's own tokens in exchange. When the auction ends, whoever has the most bonded funds is proclaimed the winner and can lease the slot for a period of 6 to 48 weeks.
In this video, we'll cover some of the interesting projects that have won slots on the Kusama blockchain in no particular order. Let's get into it.
Chaos is all the more likely because the platform is one of the most realistic testnets on the mark et and practically a clone of Polkadot for that reason. But it's all for a good cause: to make sure that the parachains supported by the Polkadot ecosystem are the most well-tested and durable blockchain projects possible.
On the other hand, Kusama is constantly testing not only the numerous projects on its network but the ecosystem as a whole. It is always a step ahead of Polkadot, testing new features that the latter would like to launch once the wrinkles are ironed out, giving the team a vehicle to be much more innovative and take significant risks without jeopardizing the Polkadot ecosystem.
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DISCLAIMER: This is not financial advice! This is an entertainment and opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing. DYOR ksm news kusama nft kusama crowdloan ksm coin