In this article we will tell you what you need to know about the young and very promising cryptocurrency Kusama (KSM)
The growing interest in cryptocurrency markets is forcing many investors to place their main assets there. Skillful management of the portfolio of acquired assets can bring great returns. A growing trend can be traced, in particular, in Bitcoin – one of the most recognizable cryptocurrencies, informs ISRObit. However, cautious traders, professionals and newbies should not underestimate the new cryptocurrencies that are likely to conquer the market. One of the cryptocurrencies spoken of as a rising star is Kusama. It is worth taking a closer look at the potential of this investment.
What is Kusama cryptocurrency: description and information
What is the Kusama project? It was developed with Sustrato, the source code of which is almost identical to that of Pez. It allows development teams to experiment on a scalable network of specialized blockchains. Kusama is sometimes referred to as the “canary from the net”. Why?
The name comes from canaries used in coal mines to detect carbon monoxide and other previously toxic gases to alert miners. Likewise, Kusama, like a canary, warns and helps detect vulnerabilities or weaknesses in the network.
Although it is based on the same source code, it is more than just a test. It can be called an early release of Pez, even before the end of the audit. Kusama allows developers to harness the computing power and potential to experiment with new features. But, since this innovative solution provides stable operation, in exchange for the provided computing speed and processing power, the project rewards users with Kusama cryptocurrency (KSM) tokens. It maintains a strong market presence and is experiencing an upward trend in value terms.
The coin itself is relatively new – the project was launched in 2019 by founder Gavin Wood. Moreover, the Kusama network is decentralized, which, unlike Bitcoin, for example, means that users have full influence over its development. Today, cryptocurrencies , which are tokens of decentralized projects, are becoming more and more popular. Lack of oversight and unnecessary control opens up great opportunities and guarantees anonymity.