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On average 83%* lower fees than other crypto exchanges, with the best possible execution price for your KSM. No hidden fees.
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Kusama is a decentralized blockchain network designed as a "canary network" or an experimental environment for developers to test new technologies and features before deploying them on its sister network, Polkadot. Launched in 2019 by the same team behind Polkadot, Kusama is often referred to as a "wild cousin" due to its dynamic and innovative nature. Kusama operates on a proof-of-stake consensus mechanism, where participants called validators secure the network by staking their Kusama tokens (KSM) and participating in the block production and validation process.
One of the key features of Kusama is its ability to enable fast and parallel scalability by utilizing a technology called "parachains." Parachains are individual, independent blockchains that run in parallel to the Kusama network, allowing for increased transaction throughput and reducing congestion. Projects and developers can lease or purchase a parachain slot on Kusama to build their decentralized applications (dApps) or blockchain solutions. This architecture provides an environment for testing and experimentation, allowing developers to refine their projects before deploying them on Polkadot, which is considered a more stable and production-ready network. Kusama also employs a governance system that allows token holders to participate in the decision-making process of the network. Holders of KSM can submit proposals, vote on referenda, and even create their own parachains. This decentralized governance model empowers the community to shape the future direction of Kusama. Additionally, Kusama has a treasury system that collects and manages funds to support the development of the network and its ecosystem. Projects and developers can apply for grants from the treasury to fund their initiatives, fostering innovation and growth within the Kusama ecosystem.
With Finst it's easy to invest in KSM and other cryptos.
Create a free account in 3 minutes to buy, sell and store Kusama with no minimum amount. Your Finst account is accessible worldwide via mobile and desktop.
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Buy and sell over 315 digital assets and pay only 0,15% transaction fees. Store your KSM in your secure Finst wallet.
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