$KSM

#kusama #blockchain #Criptomonedas

The capitalization of KSM is the total market value of the Kusama cryptocurrency, which is calculated by multiplying the price of each coin by the number of coins in circulation. According to data from CoinMarketCap¹, the capitalization of KSM as of November 1, 2023 is $187,277,486, placing it in 153rd place among all cryptocurrencies. The price of KSM is $20.64 and the circulating supply is 8,980,098 coins¹.

Kusama is an experimental blockchain platform that enables developers to launch innovative and scalable projects with cross-chain interoperability. Kusama is based on the same code as Polkadot, but has a faster pace of development and a lower barrier to entry for participants. Kusama describes itself as a "canary network" that serves as a testbed for Polkadot, although many projects choose to remain on Kusama for their final product².

Kusama uses a nominated proof-of-stake (NPoS) consensus system, where KSM holders can delegate their coins to validators who are responsible for maintaining the security and functionality of the network. Validators receive rewards for their work, but can also be penalized if they act maliciously or fail to fulfill their duties. Kusama also features a decentralized governance mechanism, where KSM holders can propose and vote on updates and changes to the network².

Kusama launched in August 2019 and has seen significant growth since then, both in terms of price and adoption. Some of the most notable projects that have been built or are planning to be built on Kusama are Acala, Karura, Moonbeam, Moonriver, Phala Network, HydraDX, Kilt Protocol and Subsocial³. These projects span diverse sectors such as decentralized finance (DeFi), digital identity, confidential computing, distributed storage, and decentralized social networks³.

Bibliography

(1) Kusama (KSM) Price, Charts, Market Cap | CoinMarketCap. https://coinmarketcap.com/es/currencies/kusama/.

(2) Kusama price today, KSM chart and market capitalization.... https://www.coingecko.com/es/currencies/kusama.

(3) Kusama KSM Price Charts and Market Capitalization. https://es.bitdegree.org/precios-criptomonedas/kusama-ksm-precio.