Kusama is known as a canary network. They based this on the term a canary in a coal mine. But what does this mean? This means that you have a network that provides alerts if there is danger in the pre-production stages of development. Kusama works as a carbon copy of Polkadot. This allows for those who would have their developments on the network to perform a test with looser restrictions than those necessary for Polkadot integration. If you have ever wondered about Kusuma, read on to find out more about all you need to know.
A brief history of Kusama
Kusama is relatively new to the blockchain and cryptocurrency world. Created in 2016, this network has emerged as the main testing source for Polkadot. The platform was created by Galvin Wood, Peter Czaban, and Robert Habermeier. You may remember Galvin Wood as being the co-founder of Ethereum. Also, he is known for the creation of dapps. Both are major parts of the development process. Wood’s influence in the development of Kusama includes the main framework, Substrate.
In order to take part with Kusama, you will need to have the proper tokens. We know Kusama tokens as KSM. These are primarily used within the various slots available on the Kusama network, but can be traded as well, as NASDAQ has shown. As the KSM is a stake, the price of a token will change based upon the market. Current pricing of the KSM ranges in the high $300s. Projects and trading on the Kusama network will require that you invest some KSM in order to become a Validator or a Nominator. Because rates differ day-to-day, check the rates and the intended investment obligations.
Testing blockchain projects
The primary function of Kusama is to test blockchain projects before they are submitted to Polkadot. As such, the platform must provide a realistic testing environment. This means that real cryptocurrency is exchanged on the network. Furthermore, Kusama works as an ecosystem for Polkadot, providing a full test of the products as well as ongoing testing of the Polkadot network. Think of it as an all-around fail proofing of the network and the content therein. As this is a canary network, if there are any issues, they are flagged.
There are two types of blockchain testing that occur with Kusama. First, is the relay chain. Second, is the Parachain. Both are fundamental to the overall functionality of the blockchain. Each requires testing as well as cryptocurrency. Both parts play a critical role in the investment of KSM, and in the testing of new blockchain and cryptocurrency projects. Knowing how each works is critical for those wishing to use the Kusama network.
If you think of the network as a highway, the relay chain is the main part of the road. These points are what everything else branches off of. The relay chain makes permanent transactions. As such, it is the fundamental way in which Kusama functions. Relay chains complete the transactions on the network using a split form of validation. New transactions are handled differently than validations. Validations are done using a variant of the proof of Stake (PoS) which is the common way in which to verify. This variation used by the Kusama system is known as a nominated proof of state (NPoS).
When using the Kusama network, you will notice that there are two ways in which the cryptocurrency is used. First, you have the validators. These validators are responsible for validating data. Also, they are the ones who are responsible for any updates or changes which are to be performed to the Polkadot network. Second, is the Nominators. The Nominators work as the name suggests. They are responsible for nominating the validators. This is much like an electoral vote. The more validators which are nominated, the more influence the vote will be from that validator. So, the validators vote on the changes to the network. But it is the nominators who are responsible for picking the validators.
The Parachains and how they work
Continuing on with the highway metaphor, if the relay chain is the main highway then the Parachain is the exit ramps and access points. Parachain means parallel chain. These are smaller chains that are connected to the relay chain. Think of them as the support system and the stress reliever for the relay chain. Again, like a highway, if there were no exit and access points, the main road would become congested. The same is true with the relay chain and the parachain. If there were no supporting chains (parachains) for the relay chain, the network would become bogged down.
Parachains are many and branch off of the Relay chain. As such, they communicate directly with the Kusama relay chains. This system locks in the transactions to confirm the transactions made on the network. As such, it should be noted that in order to fully take part in the Kusama network, you should invest in both the relay network and parachain network.
What is Kusama?
Kusama is the replica of Polkadot. Because of this, it is intended to be the jumping platform for those who wish to put their blockchain and cryptocurrency projects on the Polkadot network. As Kusama is not Polkadot, the platform works with its own token system known as the KSM. Due to the real cryptocurrency is used on the platform, there is a need to have transactions verified on the network. The validation is done through the use of nominators and validators. To ensure Bthat projects are ready for Polkadot, the Kusama network test not only the projects, validating the data for use but also the Polkadot network, validating updates and the current network. Before using Polkadot, it is important to test your product on Kusama.
As Kusama is a new network, the risk obligations are a bit higher. Ensure that you are familiar with the stipulations and regulations of Kusama before use. That being stated, the risk and rewards of the platform are congruent with those of most blockchain networks.