$KSM
Kusama (KSM) is a blockchain network that serves as a "canary" network for Polkadot, designed for testing and experimentation. Developed by Parity Technologies, which was founded by Dr. Gavin Wood, one of the co-founders of Ethereum, Kusama allows developers to deploy bold and innovative projects with a faster pace of evolution than Polkadot. It's primarily used by early-stage projects to test apps before launching them on Polkadot. Kusama uses a nominated proof-of-stake (NPoS) consensus system and allows users to vote on governance proposals using KSM tokens.
The supply of KSM is not fixed, and it has a 10% annual inflation rate, with newly minted coins distributed based on staking participation. The network's flexibility and rapid governance make it appealing to developers looking to push the limits of blockchain technology.
