LIVEWhy Samsung Invested in #sagacoin
Growing interest in blockchain technology is creating a network of decentralized systems that need a way to interact. One solution facilitating interoperability is Cosmos, a decentralized network of independent parallel blockchains.
While Cosmos provides a protocol for connecting blockchains, deploying secure applications within its framework can be challenging. Saga solves this problem by making it easy to deploy secure applications on Cosmos. Applications are launched on Saga with what it calls “chainlets,” single tenet virtual machines running on the Cosmos technology stack.
We invested in Saga because its protocol for automatically provisioning application-specific blockchains provides ease of setup, sovereignty, and scalability. We joined a $6.5 million SAFT investment round that included participation by Maven 11, Longhash Ventures, Hypersphere, Figment, and numerous other investors.
Because Saga’s modular architecture provides pluggable support for all Cosmos-based virtual machine (VM) modules, we think it is ideal for the deployment of applications in the web3 multiverse. Saga offers low and predictable gas fees, high throughput, and dedicated space for developers.
Saga makes launching a dedicated blockchain as easy as deploying a smart contract. The Saga protocol design fundamentally reimagines developer and end user interactions with blockchains. It facilitates shared security, innovations in validator orchestration, and an automated continuous integration. It also offers a continuous integration, continuous deployment (CI/CD) pipeline that is standardized across single-tenant application VMs.
you can read complete article on this official Samsung link.
https://www.samsungnext.com/blog/why-we-invested-in-saga-building-blockchains-with-a-single-click