Kusama is a cryptocurrency of Swiss origin as well as the Polkadot cryptocurrency. These two projects have pretty same goals and a team of creators.
The Nominated Proof-of-Stake (NpoS) algorithm is used to confirm transactions. In practice, this means that users can credit their coins to trusted nodes (validators) that have the right to confirm transactions. This way users get a part of the validators' income and owning Kusama cryptocurrency brings them an income of 7 to 20% per annum. This type of earning on cryptocurrencies is called staking. The main advantage of the Kusama cryptocurrency is good scalability and the ability to combine several blockchains within one platform. It is also convenient to create various decentralized applications (DeFi) based on Kusama. The application can use parallel blockchains (parachains), which reduces the load on the main blockchain and allows it to perform operations safely. There are already many program libraries based on Kusama that are used to create various applications: decentralized oracle, stablecoins, payment gateways, firmware IoT.
Owners of KSM tokens have the right to vote when choosing how to further develop the Kusama project.
The development of Kusama cryptocurrency is provided by a strong international team. It is led by one of the main developers of Ethereum and Polkadot cryptocurrencies, Dr. Kusama. Kusama's main goal is to become a testing ground for technological innovations, the most successful of which will be implemented in Kusama-like cryptocurrencies Polkadot. The Polkadot network has used DOT tokens, and each owner of DOT tokens is charged KSM tokens in a ratio of 1 to 1. In the future, networks Polkadot and Kusama will be more closely integrated. Both Polkadot and Kusama provide fast transactions with minimal commissions.
All you have to do to support the Kusama project and get some KSM tokens is go to the main page of SimpleSwap and follow the instructions:
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