Current Kusama (KSM) Price Overview
Kusama serves as an innovative blockchain platform designed to provide developers with a highly interoperable and scalable framework. Built on Substrate, a blockchain development toolkit by Parity Technologies, Kusama mirrors the codebase of Polkadot, a leading interoperable blockchain. By opting for Kusama, developers of fast-moving applications gain access to a scalable and interoperable sharded network, featuring capabilities not yet available on Polkadot. Kusama positions itself as a “canary network,” offering a testing ground for new ideas with its low entry barriers for establishing parachains and minimal bonding requirements for validators.
This unique platform is often utilized by early-stage companies and for experimental purposes. The brainchild of Parity Technologies, the same entity behind Polkadot, Kusama was founded by Dr. Gavin Wood, a globally renowned computer scientist and co-founder of Ethereum. Parity Technologies boasts a robust team, including some of the most proficient blockchain developers worldwide, with a workforce exceeding 100 employees globally.
Moreover, Kusama benefits from financial backing by the Web3 Foundation, an organization dedicated to fostering and guiding technology and applications within decentralized web software protocols. The Web3 Foundation supports Kusama through its growth team, assisting with research and community development efforts.
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Further Reading
Also read: Kurobi (KURO) Price in USD
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