What is Kusama and how does it work?

Kusama is a scalable network of blockchains meant for experimentation. Kusama is the identical copy of the Polkadot blockchain and provides a pre-production environment for Polkadot. The platform allows developers to experiment and test new decentralized applications (DApps) before releasing them on the network in real time.

What is crypto and how can you use it?

Cryptocurrency can be used to send payments to individuals or to businesses. Up until recently, for example, Tesla accepted bitcoin as a form of payment from car buyers. You can also use crypto as an investment in your portfolio just like you would stocks or bonds.

What is a semi-anonymous cryptocurrency?

They're semi-anonymous. Cryptocurrencies can be designed so that no one can see who you are or what you're spending your crypto on—though the transactions associated with a wallet address are publicly viewable. They're not controlled by a government.

Is crypto regulated by the government?

Specifically: Cryptocurrency isn’t government-regulated. Hard currency, i.e. bills and coins, are issued by the U.S. Mint and are backed and regulated by the government. Crypto, on the other hand, has no central issuer or regulating authority.