Evolving Beyond Smart Contracts

Smart contracts were a great innovation that has allowed for an explosion of tokens and projects, enhancing the adoption of web3 technologies. We believe, however that their time is coming to an end as more and more projects realize just how limiting that construct is.

They have become a bottleneck for scalability and a root cause of many of the recent security concerns we see hitting headlines. In SagaChain they are no more. Apps make use of being able to call foundation classes that represent real-world assets directly from the chain. Transactions are simple Python scripts that enable moving SagaCoin or our new Smart Assets between accounts.

Now, we will see true scalability the likes not seen before and an account/asset model that enables enterprises to adopt and map their processes as digital twins on the chain. That’s real utility.

Solving the Trilemma

The classic trilemma of scalability, security, and decentralization had not yet been solved – that is, until SagaChain entered the scene.

We have removed the blockers to scalability through removing the reliance on smart contracts, and through our native sharded architecture with dynamic resource allocation. SagaChain can scale up to meet any challenge.

We didn’t compromise on security either with our hybrid consensus model; users can take advantage of the scalability and speed of a PoS chain, yet rely on the hash power security of a PoW chain, the best of both worlds and still more power-efficient than a standard PoW approach.

Finally decentralization: the nodes on the SagaChain network are wholly operated by independent third parties. PraSaga has no oversight on the operation of nodes and when launched, has no more vote on changes to the chain than any other node operator, one account, one vote. That right there is the trilemma solved.

Stabilized Purchasing Power

Web3 is a volatile market, right? What if we said it didn’t have to be? And no, that doesn’t mean CDBC either; there is another path.

We have designed our monetary policy to deliver stabilized purchasing power purely based upon internal metrics of the running chain. The network will dynamically calculate metrics such as GDP, CPI, and RPI, based upon the transactions occurring on the network, and the price and inflation are controlled to these metrics in much the same way as any traditional currency.

It has called for a fresh approach to coin supply but delivers something that will stand the test of time and gives users the stable purchasing economics that we want, oh, and some good stable gains along the way too!