CoinDesk • Apr 13, 22
Tether’s USDT Stablecoin Enters Polkadot Ecosystem With Kusama Launch
Kusama becomes the tenth blockchain to support USDT, which already has more than $80 billion in circulation.
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
The price of Kusama has risen by 2.75% in the past 7 days. The price declined by 5.38% in the last 24 hours. In just the past hour, the price shrunk by 0.97%. The current price is $29.33 per KSM. Kusama is 95.30% below the all time high of $623.75.
The current circulating supply is 8,470,098.057 KSM.
KSM is a cryptocurrency that powers Kusama, a protocol that enables cross-blockchain transfers of any type of data or asset. By uniting multiple blockchains, Kusama aims to achieve high degrees of security and scalability. KSM serves as the protocol’s governance token and can be used for staking to secure the network or to connect (“bond”) new chains. Kusama acts as a "canary" or experimental network for Polkadot (a separate protocol that shares the same codebase) in which developers can more quickly test new programs that can be deployed on both.
is a scalable network of meant for experimentation. Kusama is the identical copy of the blockchain and provides a pre-production environment for Polkadot. The platform allows developers to experiment and test new before releasing them on the network in real time. The blockchains available on Kusama’s network are called Parachains that bring several breakthroughs compared to the legacy networks.
While other networks only allow developers to build using smart contracts, Kusama seeks to give them complete control over the underlying blockchain. This flexibility aims to provide freedom to the developers to optimize for better use cases and hence better and secure DApps and services for all. are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of on the blockchain. Moreover, Kusama also serves as a Canary Network for Polkadot. Official Polkadot upgrades are tested on Kusama before they are launched. Hence, the primary use case of Kusama is to facilitate testing.
Kusama seeks to offer many features to the projects developed on the network including the following:
Innovation – The same team develops Kusama as Polkadot using the same codes and tools. In addition, the network aims to provide the latest technology from Parity Technologies and Web3 Foundation for the developers.
Scalability – Kusama’s blockchains are sharded, and Kusama’s open governance makes the platform a scalable infrastructure. is the process of database portioning on the blockchain for scalability, enabling it to process more transactions per second.
Customization – Kusama is built on Substrate by Parity Technologies. is the framework to build the blockchains quickly. With the help of this framework, the developers can build their app-specific blockchains and connect them to the Kusama network.
KSM is the native of the platform. KSM has many use cases on the platform like token holders can validate the network, nominate other validators, and use governance rights to vote on the major decisions of the platform, all using KSM.
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
The price of 1 Kusama currently costs $29.33.
The current market cap of Kusama is $248.99M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Kusama is $623.75. This all-time high is highest price paid for Kusama since it was launched.
Over the last 24 hours, the trading volume of Kusama is $14.48M.
The current circulating supply of Kusama is 8.5 million.
The median time that Coinbase customers hold Kusama before selling it or sending it to another account or address is 27 days.
Kusama ranks 186 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 95% of Coinbase users are buying Kusama. In other words, 95% of Coinbase customers have increased their net position in Kusama over the past 24 hours through trading.
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