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November 28, 2020

Kusama Network a Young Network with Rich Potential Coming Up With Social Module

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Forging Block have expressed that they are pleased to announce that they are building a decentralized cryptocurrency gateway for KUSAMA.

In response, Kusama tweeted:  “The gateway includes e-commerce plugins, payment APIs, a custom checkout page, and reliable, industry-standard payment servers with high security and easily integrated payments for both merchants and the Kusama developer community.”

Miguel Marques expressed that they just released the first part of the films supported by the Kusama Treasury in the end of June: Kusama Council Members in their Own Words (66′), and 10 short documentaries about different processes of the Kusama Governance.

One of the commentators replied, just saw the Kusama Future one and I just love it. Hope to have the time to check out the whole series soon. I also would love to provide subtitles in Brazilian Portuguese to the series.

For those who do not know, Kusama is a young network. Many of its main features are still in development. Even those who are coding the platform are not sure of how the users are going to make use of and develop on the platform. The platform provides for a very rich potential. The possibilities are endless.

It is very hard to decide on the future of something which is claimed to be chaotic; however, blockchain solutions are driving innovation and they are disrupting the traditional business models. A lot is expected out of Kusama’s future and it is expected that some of the biggest use cases will be homed on the platform.

Sydney Ifergan, the crypto expert tweeted:  “Kusama Network have started off with a social agenda, we need to wait to see how they are going to rock.”

Reportedly, Kusama network has the Society Module, which is considered to be very unique. It is an economic game to provide incentive to users who will join the society, which will coordinates around whatever the rules are set.

The rewards are paid by the treasury.  Kusama at present has only one society focusing on “proof-of-ink” concept – interconnected tattoos. In the future, there might be multiple societies. It helps to get to know the Society Module, its uses and the future of the Society Module.

Kusama Network Sustainability

While Kusama is a small network, it is seen that in the blockchain world, things tend to escalate quickly therefore, changing a lot in just a few months or years.

It is important for Kusama Network to grow in a sustainable manner.  What might happen to the governance in the long term is a matter of concern. Whether the Council Members will be paid in the future or will they just automate the governance processes and hope for the best, the kinds of threats to Kusama are all being thought about.

Rob Logan

Rob Logan

After a short stint as a semi-pro athlete now Rob is a regular business blogger. He specializes in economics and financial stories.

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