Hey steemians here comes an amazing lecture by professor @allbert that has inspired me alot and i got many more knowledge about this

Question no 1

Choose a Project, platform or service belonging to the Polkadot Ecosystem (Polkadot not permitted) and make a detailed post, which must comply with the following aspects:
1-Explain in your own words why you chose it and why do you think it is relevant to the world?

Here i am choosing kusama which is a public pre production platform where a new developer can easily test the his/her application before publication of the new blockchain.

source

It was invented in 2016 by the creators of polkadot Gavin wood.

The cause i elect kusama there are many reason but to be precise the main reason is that it is very helpful for the coming users and developers. That a developer can built more projects and test them easily in this way they get motivated and more innovations comes to the way. As i research on many projects on polkadot but i really feel motivated with kusama as it is the best among all i think. Kusama can be useful for the following

• ease the intro of parachains.
• helping as a development environment for the new developers.
• facilitating interoperability with ither blockchains.
• low economic barriers
• beneficial involvement

As a new developer has a platform to test their project so that they can easily enable to see that how the project works and if it has any amendment needed they are informed to fulfill the requirements so that they can achieve their goals.

As this is a very safe way for new comer that he first test his projects and they feel reliable that they they can get the effective results about their projects that they tested before thair launching.

Question no 2

Description of the project and its platform. (Screenshots needed)

Kusama is also known as the canary network.it is a scalable network of specialized blockchains that have been built uses substrate and the similar code base that of polkadot.
As this network uses two types of blockchain the one is:

• Relay chain
• Parachain

Relay chain is also called as the main network here all the transactions held bynthe users are permanent and they can create more networks as parachains.

Parachains are the customized form of network for the user and has the main grip on yhe relay chain for the purpose of security.

The function that have been run by kusama are:

Manageability

As discussed above, kusama provides such a reliable platform for the users and foundation for the business market and the application as it become the helping hands for the users.

Alteration

It has been construct by the similar members of polkadot as they use same gadgets and code as they used for polkadot. This is because they provide technology to the users to test their application before it get to polkadot.

Interoperability

As kusama take many of the network together into shared network due to give the developer the right to be free from any legacy created by the other networks.

Customization

As kusama has been built by using substrate so they provide to the users to built their own particular blockchain and be get connected to kusama.

how to get the #ksm token

As they can buy in an exchange as the binance and other exchanges. Or it can be also buy through the validators, nominator bond parachain and also by vote in governance refereda. So they are discussed below.

Validate the network

The validators of the network can claim reward for running and validating their nodes. As the rewards given by the ksm tokens are not just fixed although they change immediately.

Nominate validators

Those that are in charg of nominating validators in kusama obtain KSM token when their have been delegate token to 16 or above as this reward is not fixed as same as validators network it also change with the time period.

Bond parachains

The current price of the kusama

Question no 3

Functionalities and real-life applications. (Screenshots needed)

Functionalities

• As kusama is being wide spread for the users they encourage the new comers for their upcoming blockchain projects. As they supports private and public blockchains and also the smart contract.

• They not just support the user but also guide them to first test their application, if their is some how any deficiency they report them to adjust their application according to the requirement.

• In this way the function of kusama is so reliable and flexible for the upcoming users with having not much backup they can ensure their applications and is a very vibrant platform providing access to new innovative users.

Real life application

As discussed above that it has been used by the developers for testing their applications it provides the user an opportunity to test their project in this way this platform is can bring a great revolution in the market because the new developers can have a better solution by testing their applications.

There are various blockchain network which permit the user to buy the blockchain as kusama provide full independence over the blockchain. This autonomy provides parachain developers safe and secure way to experiment tbeir project.

Question no 4

Future development and associated projects. (Screenshots needed)

Kusama has been now become a outstanding price revive which result in rise in price of asset by 50 %.

This increment in value has notice kusama has been traded over $581 as this shows the market capitalization which occupied $4.9 billion.

And there are mang miles stones that are coming in future for example it has been a very good news for kusama platform that chainlink has announced to offer a grant chainsafe that will help to grow the hybrid smart contracts.

It has a bright future that kusama has many similarities with polkadot.

Testing projects prior to launching

As above mentioned it provide a safe and reliable service for the new developers to test their projects prior to the launching of the project on polkadot blockchain. The cause it flourish for the offering is because of the least essential in the development of paraachain and validators and also by upgrading the chain without the need of diverge.

Classification of parachain auctions and crowd loans

This is the most important part of the kusama development that the proposal of upgrading the deployment of parachains auctions and the crowd loans has been approved from the council and it has now been publicly plebiscite.

Chainlink oracle

Moreover the step taken by chain link to provide support to chainsafe system to expand of chainlink oracle pallet that will help the users to progress hybrid smart contracts on kusama and also on polkadot. As this step is improving the upcoming future of kusama in a very better manner.

Project associated with kusama

karura

source

It is a project which is a financial hub and focused on the decentralised finance protocol and mechanism design as this project is quite mature because it has been in under development more than 2 years so they have great technical skills.

Shiden

source

Shiden network is also a mature network and it is a hub of knowledge as a substrate runtime library which provides the users to add plasma function to their substrate chain and to get the scalable blockchain immediately.

Phala network

source
Phala is also a represent a highly complimentary project for polkadot. As they are bringing innovations to the ecosystem of kusama.

Question no 5

Make a technical analysis of the token of the selected platform, then through your validated exchange account make the purchase of the token (15 USD as a minimum). Screenshots and an explanation of the procedure are required.

Step:1

• You can see i already have a Binance verified accoutn through which i can use multiple binance service.

Step:2

• Got to the market and click on spot search for ksm/btc pair and select it.

Step 3

• Just simy click on buy ksm and it will automatically purchased as per market rate.

Step 4

• You can see in search history ksm is purchased.

Step 5

• Here in spot you can enlightened your coins and all update can be overview in spot. Just below ksm is updated.

Step 6

• Now this chart show us the technical analysis of ksm I enlightened some Indicator to orevent a better a trade lets explore them in detail.

Above post you can see my technical analysis were based on three Indicators MACD RSI and EMA thus ema providing the support of 200 and backup of 50 whilst making another golden cross in amrket with ksm

Whilst you can see macd is also in a turning position balancing the market with good momentum and provide us the perfect shots in market. Although RSI also provide us the good strategy thought h rsi also making a winning trade by satisfying my golden cross.

The strategy were my estimation and correlation with technical indicators but i will not be in any sort of risk because i maintained my trade with lower risk, through buying in dip is also positive strategy to overcome losses.

Conclusion

Polkadot is the wide spread platform where kusama is likely a cousin to polkadot. As kusama is a network where users can easily test their project it is such a motivation for the newcomers that they can first test their application.
It was worth learning about polkadot ecosystem as it has been rising in the market.
Thank you professor for this amazing lecture. This lecture was very informative and get more information about this platform which was quite interesting.

Cc: @allbert