SAGA coin is the currency of the Saga blockchain, developed to create other personalized, dedicated, interoperable blockchains that work in parallel with the main chain. The network is also used to create applications and games in the decentralized world.
The idea of blockchain is to facilitate access to the cryptocurrency and decentralized finance environment. This helps to popularize Web 3.0, expanding the scope of use of chains beyond financial transactions and developing solutions for other uses of this technology.
Chainlet concept
Chainlets are parallel blockchains, created with the SAGA coin network. By default, they are copies of the main network, with the same validation and security models. However, they can be modified according to the developer's needs.
The advantage of chainlets in Web3 is to make developers' work easier, as they have the basic systems that allow the creation of customized solutions, without creating more difficult deployment processes and incurring additional costs.
It all starts with the smart contracts that the developer deploys on Saga's mainnet. At the same time, a parallel network, chainlet, is created, which works as a blank paper, on which the desired functionalities can be implemented.
Independence from the main chain
The chainlet network created can continue to run in parallel with the main one, as it has the same security as Saga. If the developer deems it necessary, he can make it independent, like a blockchain alone.
By having a maturation time in the main system, chainlet will have a more consolidated basis to become a main blockchain. It will also have the necessary security for transactions and will be able to use other virtual machines, such as the Ethereum EVM.
Focus on blockchain games
Although Saga is flexible enough to create blockchains with different objectives, the focus of the system's creators is the gaming market. This is one of the fastest growing sectors not only on traditional platforms, but in the world of decentralized networks.
A blockchain dedicated especially to gaming is not that common. Saga goes against this. As it allows scalability of transactions, it is a fluid option for games in a DeFi environment. This is advantageous for users.
Interacting with other players on the blockchain, making transactions, buying and selling items can slow down the entire system. However, as it is a dedicated chain, on the SAGA coin network, validation of negotiations is done quickly and securely.
SAGA Tokenomics
The SAGA token is native to the system. It is used for governance on the platform. Whoever owns it has the power to vote in community assemblies to decide changes, enhancements and improvements to the protocol.
Additionally, SAGA coin is used to pay transaction fees made on the platform and chainlet operations. She can also stake. Transaction validators are rewarded with the token upon completing the validation process.
In total, 1 billion tokens will be provided. In one of the airdrops, users who had Cosmos (ATOM), Celestia (TIA), Polygon (MATIC) and Avalanche (AVAX) tokens in their digital wallet were eligible.
Learn more about cryptocurrencies
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