We present a complete guide to understanding Kusama Crypto and it’s technology in the field of cryptocurrency development. We include helpful explanations, illustrated guides, historical data, and technical details. This article is brought to you by Digital Financial Market
Last Updated: 3/23/2022
Kusama Cryptocurrecy
The Kusama Network and KSM Cryptocurrency are a Polkadot-based demo environment for Developing projects on the Polkadot Network. Kusama is often used for testing updates before releasing them to the broader Polkadot Network.
Kusama is an essential development tool for Parachains (Parallel Chains) on the Polkadot Network. The Kusama Network and KSM cryptocurrency is often used for testing updates before releasing them to the broader Polkadot Network.
Key Points of Kusama
- Is a development sandbox for Polkadot Projects
- Works directly with Polkadot (DOT) Network
- Created by Ethereum Co-founder Gavin Wood
Kusama Historical Price Chart
Kusama Historical Price Chart
History of Kusama
Kusama was created by Polkadot Founders Peter Czaban, Robert Habermeier, and Ethereum Co-Founder Gavin Wood in 2016.
As a Polkadot-Based development tool, the Kusama token KSM was used for developers and private fundraising sales until it was publicly launched in 2019.
After its public launch in December 2019, KSM gained popularity along with Polkadot during the 2020-2021 Crypto Boom reaching high valuations of over $555 at peak market prices.
Kusama FAQ
What is Kusama Crypto?
What is Kusama Blockchain?
What is Kusama Coin?
What is Unique About Kusama?
Is Kusama A Good Investment?
Kusama Crypto Analysis
What is KSM Crypto?
What is Kusama Used For?
Image Source: The First Parachains Launch on Kusama – Polkadot Network
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