Gavin Wood Launches Its Experimental Network Kusama, A Testnet For Polkadot

The developers of Web3, the company behind the Polkadot protocol, have recently finished the testnet for the blockchain protocol. According to Gavin Wood, one of the main developers who are working on the program, the project, which is called Kusama, is already available.

Kusama will be an unaudited and experimental version of Polkadot and it was officially launched during the Berlin Blockchain Week.

Wood affirmed that the network needs at least 50 validators to be working properly, so it would be around a month before developers can fully experience the potential of the new testnet. After that, though, the KSM tokens can be transferred.

He also took some time to explain what was already working on the network. People cannot trade yet, but they can already stake their tokens for rewards, start to be validators, set up session keys and claim tokens.

The main difference that will happen once over 50 nodes are set up is that Kusama will stop being a centralized network that and fully become a decentralized proof of stake project, which is the main goal. As soon as this happens, the governance rules that will govern the network will be properly activated and start to be live.

According to the developers, Kusama will only exist while it is needed. The whole idea was to set up something to “step into the unknown” and simply let people play. As the stepping stone for Polkadot, the network will possibly be abandoned after the actual launch of the network.

At the moment, Polkadot is expected to be launched next year, but there is no specific data set yet.

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Gabriel Machadohttps://bitcoinexchangeguide.com/
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

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