Nomination Pools Are Live On Kusama
Nomination pools have been added to the Kusama runtime. Adhering to the tradition of the Polkadot ecosystem, Kusama is acting as the canary network here and is receiving this update first before Polkadot. As usual, some degree of chaos to expected.
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.
In short, Pools are a collective nomination scheme. Any account can create a pool, with some initial deposit which used as the pool’s stake. Members can join the pool and increase the stake of the pool. Each pool single nomination frnom the point of view of the staking system. The pool creator has control over managing the pool, including deciding which validator the pool (and consequently all of the members of the pool) select.
About Kusama
Kusama a public pre-production environment for Polkadot. One that allows any developer to experiment and test new blockchains or applications before releasing them on this network.
Kusama mimics most of Polkadot’s major design features. For example, Kusama uses two types of blockchains – a main network, called a relay chain. Transactions are permanent, and user-generated networks, called parachains.
