What Is Kusama (KSM) & Honest Price Prediction

What Is Kusama (KSM) & Honest Price Prediction

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Although they share many parts of their code, Polkadot and Kusama are independent, standalone networks with different priorities.

Kusama is wild and fast; great for bold experimentation and early-stage deployment. Polkadot is more conservative, prioritizing stability and dependability.

What the two networks have in common
Kusama was released as an early version of the same code to be used in Polkadot, which means they share the same underlying architecture: a multichain, heterogeneously-sharded design based on Nominated Proof of Stake (NPoS). Both networks also share key innovations like on-chain governance, hot-swappable runtimes for forkless, on-chain upgrades, and Cross-Chain Message Passing (XCMP) for interoperability. Governance on both Polkadot and Kusama is designed to be decentralized and permissionless, giving a say in how the network is run to everyone who owns the native token (DOT for Polkadot, KSM for Kusama). Therefore, over time the networks will evolve independently, converging or diverging according to the decisions of their respective communities.

Polkadot is and always will be the primary network for the deployment of enterprise-level applications and those that entail high-value transactions requiring bank-level security and stability. The initial use case for Kusama is as a pre-production environment, a “canary network”. Building on Kusama first allows teams to test things out in a live, fully decentralized and community-controlled network with real-world conditions and lower stakes in the event of problems or bugs than on Polkadot.

Many projects will maintain parachains on both networks, experimenting and testing new technologies and features on Kusama before deploying them to Polkadot. Some teams will decide just to stay on Kusama, which is likely to be a place where we see some exciting experimentation with new technologies going forward.

Ultimately, Kusama and Polkadot will live on as independent, standalone networks with their own communities, their own governance, and their own complementary use cases, though they will continue to maintain a close relationship, with many teams likely deploying applications to both networks. In the future, we’re also likely to see Kusama bridged to Polkadot for cross-network interoperability. Web3 Foundation remains committed to both networks going forward, providing crucial support and guidance to teams building for the ecosystem.

[randyjarosz]

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[futureforward]

Parachain Auctions. This concept creates tokenomics for KSM that we have only seen with ETH (ICO's). Projects have to lock up Kusama for 1-2 years in order to link to the network. This is supposed to be happening in the next month which is driving the current price but when its announced and the auctions begin happening the price can move extremely quickly. Expecting top 10.

[kt]

Kusamas succes depends also on the degree of awareness. A coin with a huge potential. I am also holding 10 coins and I hope that KSM will hit min the 1000USD per coin

[Altranate]

Hoping for $2000+ realistic with the auctions in 5/6 weeks.

[stevenmartin]

Look into the log chart and compare it to BTC log chart. ;)

[kt]

Very nice breakout of KSM last night 🎉🎉🎉🎉💫💫

[luisfontiveros]

I liked KSM up to 1k and on! today KSM is new high at 555!!

[stevenmartin]

If the bull goes to late year, it will hit that.

[gtgs]

I think Kusama stands a chance at being $19, 000 in 5yrs

[immanuelsigi]

Kusama will be listed on AAX exhange 16.4🔥👌

[LaMontagneLinks]

Bought in at $7 sold half at $60, now it’s $400+ 👀, wish I never sold

[Ls]

1000-1500 USD is realistic in few weeks 🙏