Is Kusama proof of stake?, kusama coin

Can you stake Kusama?

Bitfinex is one such exchange that allows users to stake in the Kusama network and earn rewards. A user can stake KSM by depositing it into a Bitfinex account. Once deposited they will automatically begin receiving staking rewards in their accounts each week.

Is Kusama better than Polkadot?

Kusama is wild and fast; great for bold experimentation and early-stage deployment. Polkadot is more conservative, prioritizing stability and dependability.

Is Kusama built on Polkadot?

Innovation. Kusama is built by the same teams as Polkadot, using nearly the same code and tools. The network places the latest tech from Parity Technologies and Web3 Foundation in the hands of developers, even before those features make it to Polkadot.

Why is KSM more than dot?

DOT and KSM are both utility tokens used for crowdloans, bonding, and governance. Additionally, both DOT and KSM stakers receive staking rewards. The only significant difference between DOT and KSM tokens is token supply. KSM has a maximum supply of 10,000,000 KSM, whereas DOT’s maximum supply is uncapped.

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