The Web3 universe is constantly expanding with projects that push the limits of developers' imagination. In this dynamic world, innovative platforms such as Saga Protocol open the doors of the multiverse to developers. On the other hand, Saga's innovative approach managed to reach a wide segment of the crypto community by being listed on Binance Launchpool. So what exactly are Saga Protocol and SAGA Coin?
What is Saga Protocol?
Saga Protocol is a platform designed specifically for web3 developers, allowing developers to easily build their applications and blockchains.
Saga Protocol offers developers the ability to launch their own private blockchains, or “chainlets,” as simply and quickly as deploying a smart contract. So how does Saga do this? Saga all this. It achieves this through shared security mechanisms, authenticator management, and a standardized automated deployment pipeline across applications. In this way, developers can create a completely dedicated and customized blockchain environment for their applications. Considering these developments, Saga's network can be said to be a good option for many developers, especially as a scalability layer to expand the web3 infrastructure. What is SAGA Coin?
SAGA Coin is the native cryptocurrency of the SAGA network, which allows developers and application owners to create and manage their own private blockchains, or “chainlets,” as part of the Saga Protocol.
In traditional smart contract platforms, network fees are typically paid by end users. However, in Saga, the end users of each application interact only with their own chainlets, and all fees for provisioning the chainlets are borne by the application developers.
This feature of Saga offers developers the opportunity to discover interesting revenue models that were not possible before. End users are isolated from network fees, and developers can implement more flexible methods of generating revenue, such as fees per transaction, subscription services, or advertising revenues.
What is the project and purpose of Saga Protocol?
Saga's mission is to provide developers with everything they need to build in the multiverse. Web3 has evolved to the point where new infrastructure configurations and token mechanisms are required to keep up with industry growth and the incredible influx of end-user interest.
While this growth potential has not yet been fully exploited, Saga's unique network and token design addresses this period. For new developers, developers on established projects looking to grow, and the end users they support, a new protocol should serve as a bridge to the multiverse. By building this bridge, Saga offers developers the ability to easily create and manage their own custom blockchains, so they can seamlessly extend their applications and projects.
