#Kusama is LIVE on CoinSwitch!! Here's a thread which cover | CoinSwitch Updates

#Kusama is LIVE on CoinSwitch!!

Here's a thread which covers everything you need to know about #KSM

Kusama is an experimental blockchain platform that is often referred to as "Polkadot's wild cousin". It is built on Substrate, a blockchain building kit developed by Parity Technologies, and has a similar codebase to Polkadot.

Kusama is designed to provide a testbed for developers looking to innovate and deploy their own blockchain, with a low barrier to entry for deploying parachains and low bond requirements for validators.

The platform is described as a "canary network" as it provides access to a highly scalable, interoperable sharded network with features that are not yet available on Polkadot.

Kusama is predominantly built for developers who want to launch bold, ambitious projects with a fast-evolving pace of development. It is built on a multichain, heterogeneously-sharded design that uses a nominated proof-of-stake (NPoS) consensus system.

Enabling it to perform rapid on-chain upgrades without a fork and support cross-chain message passing (XCMP) to enable communication with other parachains on the Kusama network.

Kusama also features on-chain governance capabilities that are both decentralized and permission-less.

Kusama has a circulating supply of 8.47 million tokens and a total supply of 10 million tokens, with an inflation rate of 10% per year.

Kusama is secured using a nominated proof-of-stake (NPoS) consensus mechanism and a simple queuing mechanism based on Merkle trees to resolve cross-chain transactions.