Kusama is meant to be Polkadot’s canary network which is an early, unaudited and unrefined release of Polkadot.
Kusama will serve as a proving ground, allowing teams and developers to build and deploy a parachain or try out Polkadot’s governance, staking, nomination and validation functionality in a real environment. It offers unprecedented interoperability and scalability for blockchain developers who want to quickly push the limits of what’s possible. It uses Substrate and has nearly the same codebase and industry-leading multichain infrastructure as Polkadot. Kusama price will be an interesting PA to observe.
Origin of Kusama
Kusama was founded in 2019 by Gavin Wood, founder of Polkadot and co-founder and former CTO of Ethereum. The relationship between society and technology has deteriorated to the point where large entities routinely stretch and overstep their authority.
Kusama is a network built as a risk-taking, fast-moving ‘canary in the coal mine’ for its cousin Polkadot. It’s a living platform built for change agents to take back control, spark innovation and disrupt the status quo.
Innovation
The network places the latest tech from Parity Technologies and Web3 Foundation in the hands of developers, even before those features make it to Polkadot.
Scalability
Kusama’s sharded blockchains and open governance provide a scalable and future-proof infrastructure for businesses, marketplaces and applications to deploy and mature.
Interoperability
Kusama brings multiple blockchains together into one sharded network, freeing developers from the siloes created by legacy blockchain networks.
Customization
With Substrate, developers can build their own app-specific blockchain and connect it to Kusama.
Let us review Kusama Price
Kusama Price Prediction
KSM is currently trading above the support zone of $375 and below the resistance zone at $475. If Kusama price can break this support, we could start seeing a move towards $522, $650 and $933. Failure to hold the support at $375 could lead to a drop towards $349 and $271. A good idea would be to place long orders at the support of $375 or after Kusama price breaks the resistance of $475 with a stop loss a little below the support zone of $375.
Join us on Telegram to receive free trading signals.
For more information on cryptocurrency, visit the Altcoin Buzz YouTube channel.
Images courtesy of TradingView.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
