Kusama & Polkadot parachains explained in simple terms

Aspiring Polkadot parachain projects will take part in a parachain auction. Winners secure a slot in the Polkadot ecosystem. But what exactly is a Kusama …

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Bitcoin(BTC)$27,328.00-2.01%

BITCOIN
24H : -2.01%
Volume : $14,712,873,050.00
Marketcap : $531,272,595,385.00
Ethereum(ETH)$1,654.31-0.83%

ETHEREUM
24H : -0.83%
Volume : $8,561,353,926.00
Marketcap : $198,139,701,582.00
Tether(USDT)$1.000-0.06%

TETHER
24H : -0.06%
Volume : $13,373,457,735.00
Marketcap : $83,409,959,681.00
BNB(BNB)$213.22-0.66%

BNB
24H : -0.66%
Volume : $347,184,201.00
Marketcap : $32,718,470,244.00
XRP(XRP)$0.515-0.24%

XRP
24H : -0.24%
Volume : $814,699,800.00
Marketcap : $27,399,314,037.00
USDC(USDC)$1.000.160%

USDC
24H : 0.160%
Volume : $5,005,537,696.00
Marketcap : $25,246,301,050.00
Lido Staked Ether(STETH)$1,653.04-0.96%

LIDO STAKED ETHER
24H : -0.96%
Volume : $3,008,200.00
Marketcap : $14,527,680,102.00
Solana(SOL)$23.60-0.16%

SOLANA
24H : -0.16%
Volume : $753,331,971.00
Marketcap : $9,733,527,668.00
Cardano(ADA)$0.260-0.39%

CARDANO
24H : -0.39%
Volume : $185,824,233.00
Marketcap : $9,069,167,674.00
Dogecoin(DOGE)$0.061-1.09%

DOGECOIN
24H : -1.09%
Volume : $227,071,828.00
Marketcap : $8,647,321,214.00
TRON(TRX)$0.088-0.18%

TRON
24H : -0.18%
Volume : $237,205,830.00
Marketcap : $7,796,547,731.00
Toncoin(TON)$2.01-2.50%

TONCOIN
24H : -2.50%
Volume : $11,222,306.00
Marketcap : $6,931,001,760.00
Polygon(MATIC)$0.5723.68%

POLYGON
24H : 3.68%
Volume : $292,917,760.00
Marketcap : $5,276,970,851.00
Polkadot(DOT)$4.07-1.80%

POLKADOT
24H : -1.80%
Volume : $91,194,367.00
Marketcap : $5,209,410,277.00
Litecoin(LTC)$65.74-0.46%

LITECOIN
24H : -0.46%
Volume : $298,891,597.00
Marketcap : $4,832,630,071.00
Bitcoin Cash(BCH)$232.02-7.91%

BITCOIN CASH
24H : -7.91%
Volume : $328,341,726.00
Marketcap : $4,510,629,253.00
Wrapped Bitcoin(WBTC)$27,314.00-1.83%

WRAPPED BITCOIN
24H : -1.83%
Volume : $104,959,433.00
Marketcap : $4,443,004,880.00
Shiba Inu(SHIB)$0.00000700-0.59%

SHIBA INU
24H : -0.59%
Volume : $78,052,966.00
Marketcap : $4,277,994,951.00
Chainlink(LINK)$7.43-1.76%

CHAINLINK
24H : -1.76%
Volume : $349,787,052.00
Marketcap : $4,111,667,756.00
Dai(DAI)$1.000.220%

DAI
24H : 0.220%
Volume : $102,037,572.00
Marketcap : $3,818,423,209.00
LEO Token(LEO)$3.700.480%

LEO TOKEN
24H : 0.480%
Volume : $369,870.00
Marketcap : $3,452,727,632.00
TrueUSD(TUSD)$1.0000.140%

TRUEUSD
24H : 0.140%
Volume : $204,042,916.00
Marketcap : $3,442,228,163.00
Avalanche(AVAX)$9.350.040%

AVALANCHE
24H : 0.040%
Volume : $105,200,903.00
Marketcap : $3,298,981,811.00
Uniswap(UNI)$4.37-2.28%

UNISWAP
24H : -2.28%
Volume : $96,097,777.00
Marketcap : $3,286,856,517.00
Stellar(XLM)$0.111-0.54%

STELLAR
24H : -0.54%
Volume : $76,231,116.00
Marketcap : $3,091,882,561.00
Monero(XMR)$147.360.530%

MONERO
24H : 0.530%
Volume : $51,886,195.00
Marketcap : $2,667,716,233.00
OKB(OKB)$43.150.540%

OKB
24H : 0.540%
Volume : $3,208,354.00
Marketcap : $2,583,605,081.00
Ethereum Classic(ETC)$15.87-2.48%

ETHEREUM CLASSIC
24H : -2.48%
Volume : $207,187,553.00
Marketcap : $2,263,908,320.00
BUSD(BUSD)$1.000-0.10%

BUSD
24H : -0.10%
Volume : $2,771,978,018.00
Marketcap : $2,252,425,491.00
Cosmos Hub(ATOM)$7.16-0.99%

COSMOS HUB
24H : -0.99%
Volume : $117,802,878.00
Marketcap : $2,086,477,561.00
Hedera(HBAR)$0.050-1.01%

HEDERA
24H : -1.01%
Volume : $64,171,362.00
Marketcap : $1,654,256,600.00
Filecoin(FIL)$3.30-1.33%

FILECOIN
24H : -1.33%
Volume : $79,877,617.00
Marketcap : $1,493,467,470.00
Internet Computer(ICP)$3.12-0.70%

INTERNET COMPUTER
24H : -0.70%
Volume : $23,664,385.00
Marketcap : $1,381,132,268.00
Lido DAO(LDO)$1.55-0.67%

LIDO DAO
24H : -0.67%
Volume : $54,880,637.00
Marketcap : $1,372,603,323.00
Mantle(MNT)$0.4120.060%

MANTLE
24H : 0.060%
Volume : $31,322,162.00
Marketcap : $1,331,404,699.00
Cronos(CRO)$0.050-1.77%

CRONOS
24H : -1.77%
Volume : $4,641,965.00
Marketcap : $1,319,007,628.00
Maker(MKR)$1,445.151.58%

MAKER
24H : 1.58%
Volume : $71,749,809.00
Marketcap : $1,300,455,379.00
Quant(QNT)$88.18-0.83%

QUANT
24H : -0.83%
Volume : $12,575,333.00
Marketcap : $1,280,066,952.00
Aptos(APT)$5.38-1.21%

APTOS
24H : -1.21%
Volume : $52,484,069.00
Marketcap : $1,277,435,343.00
VeChain(VET)$0.017-0.29%

VECHAIN
24H : -0.29%
Volume : $31,258,605.00
Marketcap : $1,231,280,556.00
Optimism(OP)$1.33-5.38%

OPTIMISM
24H : -5.38%
Volume : $93,082,406.00
Marketcap : $1,163,691,272.00
Arbitrum(ARB)$0.907-2.46%

ARBITRUM
24H : -2.46%
Volume : $160,612,771.00
Marketcap : $1,151,412,236.00
NEAR Protocol(NEAR)$1.10-1.84%

NEAR PROTOCOL
24H : -1.84%
Volume : $51,520,363.00
Marketcap : $1,071,059,408.00
Kaspa(KAS)$0.050-0.32%

KASPA
24H : -0.32%
Volume : $10,694,368.00
Marketcap : $1,046,144,180.00
Rocket Pool ETH(RETH)$1,793.75-1.02%

ROCKET POOL ETH
24H : -1.02%
Volume : $3,147,816.00
Marketcap : $950,602,253.00
Aave(AAVE)$64.94-6.57%

AAVE
24H : -6.57%
Volume : $78,453,163.00
Marketcap : $944,326,629.00
The Graph(GRT)$0.088-0.61%

THE GRAPH
24H : -0.61%
Volume : $31,498,662.00
Marketcap : $813,950,035.00
Algorand(ALGO)$0.101-0.28%

ALGORAND
24H : -0.28%
Volume : $20,942,022.00
Marketcap : $790,320,871.00
WhiteBIT Coin(WBT)$5.17-0.55%

WHITEBIT COIN
24H : -0.55%
Volume : $7,306,493.00
Marketcap : $743,978,680.00
USDD(USDD)$0.998-0.04%

USDD
24H : -0.04%
Volume : $24,062,476.00
Marketcap : $727,602,313.00
Stacks(STX)$0.499-5.15%

STACKS
24H : -5.15%
Volume : $35,925,255.00
Marketcap : $700,716,123.00
XDC Network(XDC)$0.050-0.42%

XDC NETWORK
24H : -0.42%
Volume : $2,616,090.00
Marketcap : $697,767,592.00
Bitcoin SV(BSV)$36.38-7.19%

BITCOIN SV
24H : -7.19%
Volume : $200,423,074.00
Marketcap : $693,761,378.00
Frax(FRAX)$0.9980.0100%

FRAX
24H : 0.0100%
Volume : $3,236,497.00
Marketcap : $669,248,789.00
EOS(EOS)$0.5941.46%

EOS
24H : 1.46%
Volume : $121,479,475.00
Marketcap : $664,514,046.00
ImmutableX(IMX)$0.571-2.00%

IMMUTABLEX
24H : -2.00%
Volume : $563,053,939.00
Marketcap : $662,584,340.00
Synthetix Network(SNX)$2.05-1.35%

SYNTHETIX NETWORK
24H : -1.35%
Volume : $30,532,962.00
Marketcap : $661,292,378.00
Bitget Token(BGB)$0.4580.550%

BITGET TOKEN
24H : 0.550%
Volume : $17,345,802.00
Marketcap : $640,012,851.00
Tezos(XTZ)$0.672-1.28%

TEZOS
24H : -1.28%
Volume : $19,021,488.00
Marketcap : $635,971,898.00
MultiversX(EGLD)$24.45-1.84%

MULTIVERSX
24H : -1.84%
Volume : $13,275,735.00
Marketcap : $634,621,795.00
Theta Network(THETA)$0.6330.220%

THETA NETWORK
24H : 0.220%
Volume : $13,699,900.00
Marketcap : $632,603,129.00
Render(RNDR)$1.70-1.13%

RENDER
24H : -1.13%
Volume : $29,256,319.00
Marketcap : $632,004,962.00
Injective(INJ)$7.51-0.54%

INJECTIVE
24H : -0.54%
Volume : $20,393,124.00
Marketcap : $626,179,756.00
The Sandbox(SAND)$0.302-1.24%

THE SANDBOX
24H : -1.24%
Volume : $52,272,682.00
Marketcap : $624,410,520.00
Axie Infinity(AXS)$4.53-1.08%

AXIE INFINITY
24H : -1.08%
Volume : $49,384,761.00
Marketcap : $592,601,127.00
Radix(XRD)$0.0570.220%

RADIX
24H : 0.220%
Volume : $1,677,687.00
Marketcap : $584,472,420.00
THORChain(RUNE)$1.94-2.81%

THORCHAIN
24H : -2.81%
Volume : $294,541,686.00
Marketcap : $581,648,821.00
Decentraland(MANA)$0.304-2.79%

DECENTRALAND
24H : -2.79%
Volume : $34,728,205.00
Marketcap : $557,783,179.00
Fantom(FTM)$0.199-0.88%

FANTOM
24H : -0.88%
Volume : $38,355,431.00
Marketcap : $554,981,486.00
Rollbit Coin(RLB)$0.15518.02%

ROLLBIT COIN
24H : 18.02%
Volume : $9,770,628.00
Marketcap : $516,223,818.00
Gate(GT)$3.75-0.73%

GATE
24H : -0.73%
Volume : $546,017.00
Marketcap : $514,223,540.00
NEO(NEO)$7.22-2.02%

NEO
24H : -2.02%
Volume : $35,789,648.00
Marketcap : $507,304,535.00
Kava(KAVA)$0.621-2.19%

KAVA
24H : -2.19%
Volume : $6,009,878.00
Marketcap : $503,779,252.00
eCash(XEC)$0.000025-5.41%

ECASH
24H : -5.41%
Volume : $40,628,921.00
Marketcap : $495,839,987.00
Pax Dollar(USDP)$0.999-0.11%

PAX DOLLAR
24H : -0.11%
Volume : $2,461,568.00
Marketcap : $485,509,423.00
cETH(CETH)$33.760.310%

CETH
24H : 0.310%
Volume : $1,042.67
Marketcap : $478,119,461.00
Flow(FLOW)$0.445-2.21%

FLOW
24H : -2.21%
Volume : $36,452,252.00
Marketcap : $459,637,277.00
PAX Gold(PAXG)$1,830.36-0.71%

PAX GOLD
24H : -0.71%
Volume : $9,884,086.00
Marketcap : $454,962,941.00
Tether Gold(XAUT)$1,826.59-0.33%

TETHER GOLD
24H : -0.33%
Volume : $9,295,957.00
Marketcap : $450,220,240.00
Frax Ether(FRXETH)$1,646.39-1.31%

FRAX ETHER
24H : -1.31%
Volume : $914,112.00
Marketcap : $441,920,295.00
KuCoin(KCS)$4.55-2.24%

KUCOIN
24H : -2.24%
Volume : $429,531.00
Marketcap : $440,082,786.00
Curve DAO(CRV)$0.485-2.87%

CURVE DAO
24H : -2.87%
Volume : $32,554,674.00
Marketcap : $424,744,048.00
ApeCoin(APE)$1.15-2.65%

APECOIN
24H : -2.65%
Volume : $56,473,936.00
Marketcap : $422,484,373.00
Rocket Pool(RPL)$21.21-4.11%

ROCKET POOL
24H : -4.11%
Volume : $3,564,899.00
Marketcap : $418,818,254.00
Chiliz(CHZ)$0.060-2.42%

CHILIZ
24H : -2.42%
Volume : $47,723,479.00
Marketcap : $418,642,020.00
GALA(GALA)$0.0167.56%

GALA
24H : 7.56%
Volume : $1,007,210,452.00
Marketcap : $418,067,908.00
IOTA(IOTA)$0.1510.030%

IOTA
24H : 0.030%
Volume : $7,372,310.00
Marketcap : $410,294,053.00
First Digital USD(FDUSD)$0.999-0.16%

FIRST DIGITAL USD
24H : -0.16%
Volume : $1,381,941,978.00
Marketcap : $406,961,272.00
Frax Share(FXS)$5.492.35%

FRAX SHARE
24H : 2.35%
Volume : $16,880,532.00
Marketcap : $406,411,290.00
Tokenize Xchange(TKX)$4.87-0.67%

TOKENIZE XCHANGE
24H : -0.67%
Volume : $5,911,967.00
Marketcap : $389,604,353.00
Sui(SUI)$0.449-4.10%

SUI
24H : -4.10%
Volume : $108,008,664.00
Marketcap : $385,838,997.00
Huobi(HT)$2.37-0.71%

HUOBI
24H : -0.71%
Volume : $29,622,753.00
Marketcap : $378,275,660.00
BitTorrent(BTT)$0.00-0.69%

BITTORRENT
24H : -0.69%
Volume : $9,520,317.00
Marketcap : $364,877,946.00
Mina Protocol(MINA)$0.374-2.25%

MINA PROTOCOL
24H : -2.25%
Volume : $5,924,593.00
Marketcap : $364,263,372.00
Klaytn(KLAY)$0.113-1.48%

KLAYTN
24H : -1.48%
Volume : $11,459,883.00
Marketcap : $359,672,253.00
Casper Network(CSPR)$0.032-1.44%

CASPER NETWORK
24H : -1.44%
Volume : $3,054,958.00
Marketcap : $359,189,211.00
dYdX(DYDX)$2.03-0.56%

DYDX
24H : -0.56%
Volume : $63,816,930.00
Marketcap : $355,442,191.00
GMX(GMX)$38.87-2.37%

GMX
24H : -2.37%
Volume : $13,407,133.00
Marketcap : $350,388,231.00
Terra Luna Classic(LUNC)$0.000060-3.06%

TERRA LUNA CLASSIC
24H : -3.06%
Volume : $12,802,471.00
Marketcap : $347,348,446.00
Coinbase Wrapped Staked ETH(CBETH)$1,733.26-1.04%

COINBASE WRAPPED STAKED ETH
24H : -1.04%
Volume : $7,539,305.00
Marketcap : $335,409,403.00