Binance launched a new token, and within half an hour of its launch, it went live on 6u, which shocked everyone. Binance earned a hundred times the profit. Friends who hold Saga have already made a lot of money. Let's take a look at what this token is for, and why it is so attractive! Saga was previously called Project Sagan. It was established at the end of 2021 and is an incubation project of Ignite (formerly known as Tendermint). Saga is one of the high-quality projects successfully incubated by Ignite.
Ignite is the developer behind Cosmos. Cosmos's IBC, SDK modules, and TypeScript are all completed by Ignite and its parent company. So it's not surprising that Saga uses many sections of Cosmos.
(I) What is Saga
Saga is a Layer1 blockchain based on Cosmos, mainly for the game and entertainment field, allowing developers to self-start parallel and interoperable dedicated chains.
It uses the cosmos SDK to create an integrated modular infrastructure, borrowing its comprehensive tool set and SagaOS platform to introduce dedicated scalable blockchain Chainlets (proprietary chain) for deploying smart contracts.
Translated into human language:
Saga wants to be an L1 of the application chain. Developers only need to pay a very low fee to create their own applications on the platform. Just like AWS, Alibaba Cloud, and Tencent Cloud of Web2. After paying the management fee, you can develop your own independent website, APP, entertainment platform, game platform, WeChat applet and other front-end work, and leave the back-end security, payment, data and other things to the Saga platform.
Saga has developed a proprietary blockchain Chainlets on its own. On Chainlets, developers no longer need to spend too much time deploying code. They can build applications on dedicated chains or small chains and only need to bear a small part of the deployment costs. Unique functional advantages of saga
1. Unlimited horizontal scalability
All Chainlets are parallel, and they will not compete for Ethereum network resources like DApps in the Ethereum ecosystem, resulting in extremely high gas fees and very slow transaction confirmation speeds during peak hours of the Ethereum network.
Furthermore, since these Chainlets run in parallel, Saga allows them to elastically scale to their peak performance and speed.
