Kusama

Crypto terminology for KYB procedures refers to the specific language and terms used to verify the identity and legitimacy of businesses in the cryptocurrency space.

Kusama is an experimental blockchain platform designed to test new features and functionalities before they are deployed on its more stable counterpart, Polkadot. It operates on a similar infrastructure, allowing developers to build and deploy decentralized applications (dApps) quickly and efficiently.Characterized as a “canary network,” Kusama encourages innovation by providing a space for developers to experiment with cutting-edge ideas. This environment allows for faster iterations, with fewer limitations compared to traditional blockchains. Projects that succeed in Kusama can later transition to the more secure and robust Polkadot network.Kusama utilizes a native token, KSM, which is used for governance, staking, and bonding. Users can participate in the platform’s decision-making processes, influencing its evolution and direction. As it continues to grow, Kusama plays a critical role in the broader ecosystem, serving as a testing ground for the future of decentralized technology.

Latest Resources and Blogs