-
Bitcoin
$94,048.6460
-0.52% -
Ethereum
$3,245.8126
-0.55% -
XRP
$2.4803
4.17% -
Tether USDt
$0.9994
-0.03% -
BNB
$690.3456
-0.81% -
Solana
$186.3306
0.29% -
Dogecoin
$0.3361
-0.44% -
USDC
$0.9999
-0.02% -
Cardano
$0.9832
4.87% -
TRON
$0.2365
-2.47% -
Avalanche
$36.6974
-0.27% -
Sui
$4.8293
-3.98% -
Toncoin
$5.3646
-0.53% -
Stellar
$0.4272
2.11% -
Shiba Inu
$0.0000
-1.97% -
Chainlink
$19.9321
-1.01% -
Hedera
$0.2806
-0.26% -
Polkadot
$6.6675
-0.36% -
Bitcoin Cash
$438.8200
-0.18% -
UNUS SED LEO
$9.3075
-0.20% -
Bitget Token
$7.0547
-3.42% -
Uniswap
$13.6617
-0.39% -
Litecoin
$103.1476
-1.17% -
Pepe
$0.0000
-2.24% -
Hyperliquid
$21.0325
4.95% -
NEAR Protocol
$5.0025
-1.02% -
Ethena USDe
$0.9991
-0.01% -
Dai
$1.0000
0.00% -
Aptos
$8.9058
-0.70% -
Internet Computer
$10.3181
0.59%
Which country issued KSM coins?
Kusama (KSM), a blockchain platform for testing Polkadot features, is a decentralized project with a global development team and no specific country of origin.
Nov 21, 2024 at 04:05 am
Which Country Issued KSM Coins?
Kusama (KSM) is a blockchain platform that serves as a canary network for Polkadot. It was launched in 2019 as a testing ground for new features and technologies before they are implemented on the main Polkadot network.
Country of Origin:
Kusama does not have a specific country of origin as it is a decentralized project operated by a global community. The development team behind Kusama is based in various countries around the world, primarily in Europe and North America.
Governance and Decentralization:
KSM is governed by a decentralized network of validators and nominators. Validators are responsible for maintaining the blockchain, while nominators stake their KSM to support specific validators. The governance structure of Kusama is designed to ensure that the network remains secure and censorship-resistant.
Creation and Distribution of KSM Coins:
KSM coins were initially created through a parachain auction system. Participants staked DOT tokens to contribute to the creation of a new parachain on the Kusama network, and in return, they received a portion of the newly minted KSM coins.
Uses of KSM Coins:
KSM coins are used for a variety of purposes within the Kusama ecosystem, including:
- Staking: KSM holders can stake their coins to participate in the network's governance and security, earning rewards in the process.
- Bonding: Validators bond KSM coins to secure their position on the network and participate in block production.
- Fees: KSM is used to pay transaction fees on the Kusama network.
- Parachain Auctions: Developers can use KSM to participate in parachain auctions, providing them with an opportunity to build and deploy their own custom blockchains on the Kusama network.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
Shiba Inu's TREAT Gains Backing From Major Crypto Exchanges
- 2025-01-12 19:00:49
-
Dogecoin (DOGE) Enters Historically Bullish Month, Can It Reach $20?
- 2025-01-12 18:45:27
-
Sui Blockchain: A New Standard for Speed, Scalability, and Flexibility in the Crypto World
- 2025-01-12 18:45:27
-
Lightchain AI (LCAI) and TON (TON) Positioned for Explosive Growth as Stellar (XLM) Shines in the Current Crypto Bull Run
- 2025-01-12 18:45:27
-
Lunex Network (LNEX) Token Projected to Hit $0.1 in Q1 2023, Will Outshine Stellar (XLM) and Polkadot (DOT)
- 2025-01-12 18:45:27
-
XRP Price Gearing Up For A Bullish Rally After Surging 7% To $2.51
- 2025-01-12 19:00:49
Related knowledge
DIMO (DIMO) Coin Exchange Purchase Detailed Operation Tutorial
Jan 08,2025 at 11:18pm
Key PointsUnderstand the basics of cryptocurrency exchangesCreate an account on a reputable cryptocurrency exchangeFund your account with fiat currency or cryptocurrencyFind the DIMO (DIMO) trading pair and place an orderManage your DIMO (DIMO) holdingsStep-by-Step Guide to Purchasing DIMO (DIMO) on a Coin Exchange1. Choose a Cryptocurrency ExchangeSele...
Tectum (TET) Coin Purchase Tutorial Detailed
Jan 09,2025 at 04:04am
Tectum (TET) Coin Purchase Tutorial DetailedKey Points:Tectum (TET) is a cryptocurrency designed to provide a secure and private payment network.It combines blockchain technology with advanced cryptography to enhance user experience and address common cryptocurrency challenges.Interested individuals can purchase TET through various exchanges, including ...
What are the factors that are positive for GamerCoin (GHX)?
Jan 07,2025 at 11:43pm
Key Points:Surging popularity in blockchain gaming: GamerCoin's focus on blockchain gaming has positioned it well to capitalize on the rapidly growing industry.Strong community support: The project boasts a loyal and passionate community that actively engages with its development and promotion.Partnerships with key players: Collaborations with industry ...
Introduction to several methods to obtain GamerCoin (GHX) coins
Jan 06,2025 at 09:52pm
Key Points:Understand the nature and application of GamerCoin (GHX)Explore various methods to obtain GHX coins: DEXs, staking, airdrops, faucets, and play-to-earn gamesGain insights into the advantages and drawbacks of each methodDevelop a comprehensive strategy to maximize GHX acquisitionExplore potential risks associated with obtaining GHX coinsMethod...
What are the regulatory risks associated with GEODNET (GEOD) Coin?
Jan 08,2025 at 09:02am
Key Points:GEODNET (GEOD) Coin is a decentralized, proof-of-stake blockchain project that incentivizes data sharing and data aggregation.The project aims to create a global network of shared data for the benefit of all participants.GEOD Coin is the native currency of the GEODNET platform, used for incentivizing data sharing and rewarding network partici...
What security measures are in place to protect Tectum (TET) coin holders?
Jan 08,2025 at 09:05am
Key Points:Multi-sig wallet protectionSmart contract security auditsKYC/AML complianceHardware wallet supportBug bounty programCommunity engagement and transparencyArticle Body:Multi-sig Wallet ProtectionTectum (TET) holders' funds are stored in a multi-signature wallet, which requires multiple authorized parties to approve transactions. This adds an ex...
DIMO (DIMO) Coin Exchange Purchase Detailed Operation Tutorial
Jan 08,2025 at 11:18pm
Key PointsUnderstand the basics of cryptocurrency exchangesCreate an account on a reputable cryptocurrency exchangeFund your account with fiat currency or cryptocurrencyFind the DIMO (DIMO) trading pair and place an orderManage your DIMO (DIMO) holdingsStep-by-Step Guide to Purchasing DIMO (DIMO) on a Coin Exchange1. Choose a Cryptocurrency ExchangeSele...
Tectum (TET) Coin Purchase Tutorial Detailed
Jan 09,2025 at 04:04am
Tectum (TET) Coin Purchase Tutorial DetailedKey Points:Tectum (TET) is a cryptocurrency designed to provide a secure and private payment network.It combines blockchain technology with advanced cryptography to enhance user experience and address common cryptocurrency challenges.Interested individuals can purchase TET through various exchanges, including ...
What are the factors that are positive for GamerCoin (GHX)?
Jan 07,2025 at 11:43pm
Key Points:Surging popularity in blockchain gaming: GamerCoin's focus on blockchain gaming has positioned it well to capitalize on the rapidly growing industry.Strong community support: The project boasts a loyal and passionate community that actively engages with its development and promotion.Partnerships with key players: Collaborations with industry ...
Introduction to several methods to obtain GamerCoin (GHX) coins
Jan 06,2025 at 09:52pm
Key Points:Understand the nature and application of GamerCoin (GHX)Explore various methods to obtain GHX coins: DEXs, staking, airdrops, faucets, and play-to-earn gamesGain insights into the advantages and drawbacks of each methodDevelop a comprehensive strategy to maximize GHX acquisitionExplore potential risks associated with obtaining GHX coinsMethod...
What are the regulatory risks associated with GEODNET (GEOD) Coin?
Jan 08,2025 at 09:02am
Key Points:GEODNET (GEOD) Coin is a decentralized, proof-of-stake blockchain project that incentivizes data sharing and data aggregation.The project aims to create a global network of shared data for the benefit of all participants.GEOD Coin is the native currency of the GEODNET platform, used for incentivizing data sharing and rewarding network partici...
What security measures are in place to protect Tectum (TET) coin holders?
Jan 08,2025 at 09:05am
Key Points:Multi-sig wallet protectionSmart contract security auditsKYC/AML complianceHardware wallet supportBug bounty programCommunity engagement and transparencyArticle Body:Multi-sig Wallet ProtectionTectum (TET) holders' funds are stored in a multi-signature wallet, which requires multiple authorized parties to approve transactions. This adds an ex...
See all articles
