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Nomination Pools Are Now Live On The Kusama Network

Share on X icon · Published 4 years ago on May 31, 2022 · Hassan Maishera

The Kusama team announced in a Medium post on Monday that the nomination pools are now live on its network.

Nomination Pools Are Now Live On The Kusama Network

The Kusama team announced in a Medium post on Monday that the nomination pools are now live on its network. Nomination pools are a scaling solution for Polkadot’s NPoS system, specifically to assist accounts with fewer tokens to stake directly on the relay chain(s) rather than needing to go through a third-party service.

Kusama is a permissionless network that aims to become a testing ground for experiments with significant changes on Polkadot. KSM, the native token of the Kusama ecosystem, is down by less than 1% today and trades at $75.2.

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Hassan Maishera
Hassan Maishera Senior Reporter

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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