Project Introduction

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Project Introduction

Lin Jiawen described the network as Polkadot's "canary", which is used to test in advance and find potential risks and vulnerabilities of the main network. In terms of function, kusama is no different from the main network Polkadot, and technically it is completely in accordance with Polkadot.

Kusama sacrifices some security but has high throughput TPS. Therefore, Kusama is very suitable for projects that do not require high security but focus on throughput, and are widely used in games, entertainment, social networking and other fields.

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1. Kusama is the pilot version of polkadot

Kusama is an early, unaudited or polished version of Polkadot.

Foresee Chaos (EXPECT CHAOS) - From the very beginning of this slogan, Kusama's mission was established.

The Kusama network is a test network before Polkadot goes online, and its logo is a canary. Possible problems can be eliminated in advance before the Polkadot goes online to ensure that the Polkadot mainnet can run smoothly when it goes online.

Kusama will serve as a testing ground, allowing teams and developers to build and deploy parachains to try out Polkadot’s governance, staking, nomination and verification functions in a real environment.

For example, verifier nodes, parachain teams, and builders of Polkadot ecological tools can use Kusama to prepare in advance.

On the other hand, some new functions and ideas on Polkadot are risky, and they can be tested on the Kusama network first when it comes to protocols and operations.

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2. Refer to Polkadot for the token economy, airdrop tokens to start a cold start

1. In the early stage, we can obtain a 1:1 airdrop reward by holding DOT and going to the Kusama official website to apply for certification.

3. Direct purchase in the secondary market. Currently, 46 trading platforms including Huobi, Binance, and Okex have launched KSM.

Although the official has repeatedly claimed that KSM has no value in the speech, the market behavior has already reflected the market expectations of the token, and whether the more potential token economic model in the future will make KSM more valuable, let us wait and see.

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3. Kusama Token Governance Model Equity Proof

In July 2019, DOT token holders were able to earn KSM through Ethereum transactions entered into the Kusama genesis block. Compared with Polkadot, the block generation speed is faster and the performance is more efficient. Kusama will not pay as much attention to security as Polkadot.

Among the many new functions of Kusama, the refreshing function is a private key retrieval function. You can add 10 trusted friend addresses as friends. If you lose your private key, contact these friends and ask them to help you recover. Once the number of friends who agree to your request exceeds a certain percentage, the wallet will be automatically unlocked. If someone maliciously deceives a friend to restore the private key, Kusama has protective measures. After the private key is successfully restored, there will be a delay in execution, and a certain deposit must be paid to restore the private key.

Since Kusama is only an advanced version of Polkadot, its network functions are exactly the same. The function of Kusama token KSM is also the same as that of DOT, which is mainly used for:

1. Governance

KSM holders have full control over the protocol. The ecosystem has no miners and uses a proof-of-stake algorithm, so holders can manage all special events, such as protocol upgrades and fixes.

2. Security

3. Register a new parallel chain, and KSM tokens can add a new parallel blockchain.

Kusama can conduct the so-called stress test and innovation test by rewarding the behavior of the "violent", so as to find the shortcomings of its own network is also a way of evolution.

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4. Lower barriers to entry, more flexible and crazier

For development teams looking to deploy parachains, Kusama will have lower barriers to entry. Validators will also benefit from Kusama due to lower binding requirements than Polkadot. Validators for Kusama can also benefit from the 1000 Validator Program, helping everyone launch a Kusama node using nominations from the Web3 Foundation and Parity. For those who want to validate on both Kusama and Polkadot, the same setup and infrastructure can be used for both networks.

Another usage scenario for Kusama is for emerging and less mature teams that are still iterating on technology and business models. Deploying a parachain in Kusama's low-risk environment will allow developers to finalize the platform design, build a user base, and gain traction in the community while adding flexibility. Polkadot will then serve as an upgrade path for these projects, which eventually become more mature and establish their own businesses.

5. Market value comparison

Summarize

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Summarize