Over the past few years, the demand for the use of blockchain technology and smart contracts in it has grown tremendously. Users and developers face problems of large commissions, scalability.

A high fee can be on any blockchain with a scaling problem. Each block on the network has an upper bound on the amount of gas it can accept (a gas limit) before it becomes invalid. The gas limit of blocks changes over time, depending on a number of factors. Thus, not all transactions at any point in time will end up in a given block.

Since every action on the network requires gas, and there is a limit on the amount of gas used in each block, miners confirming transactions choose those with the highest gas (reward) first. The rest get pushed to later blocks or don’t get selected at all. Thus, gas acts as a user’s bid for block space. This dynamic results in expensive network fees when an increased number of users are bidding on a limited number of space per block. Ethereum in particular can be singled out with such a problem.

Simply put, there is not enough space on the blockchain for users and applications. The high load that they cannot handle leads to huge fees or even to a network shutdown.

Another problem for developers is the dependence on blockchain.

To solve these problems, Jae Kwon created the cosmos network. Each app developer has their own blockchain, which gives them sovereignty. Cosmos solves the problems of high fees and independence, but adds the problem of not easy development. Since its launch, Cosmos has received a number of improvements, such as Inter Blockchain Communication (IBC), a controlled and simplified virtual environment, and Interchain Security. Together, these three key innovations in Cosmos allow for a uniquely scalable blockchain ecosystem, also known as the multi-chain world.

Web3 continues to grow rapidly in markets such as gaming, entertainment and financial technology… As a consequence, there will be higher demands on the reliability and scalability of blockchains, as well as the end-user experience.

Saga is a protocol that reshapes the Web3 interface, offering unprecedented flexibility for developers and end users alike. We are a network for running chains. We’ll help solve these problems and create 1000 chains in the multiverse.

Over the past few years, the demand for the use of blockchain technology and smart contracts in it has grown tremendously. Users and developers face problems of large commissions, scalability.

A high fee can be on any blockchain with a scaling problem. Each block on the network has an upper bound on the amount of gas it can accept (a gas limit) before it becomes invalid. The gas limit of blocks changes over time, depending on a number of factors. Thus, not all transactions at any point in time will end up in a given block.

Since every action on the network requires gas, and there is a limit on the amount of gas used in each block, miners confirming transactions choose those with the highest gas (reward) first. The rest get pushed to later blocks or don’t get selected at all. Thus, gas acts as a user’s bid for block space. This dynamic results in expensive network fees when an increased number of users are bidding on a limited number of space per block. Ethereum in particular can be singled out with such a problem.

Simply put, there is not enough space on the blockchain for users and applications. The high load that they cannot handle leads to huge fees or even to a network shutdown.

Another problem for developers is the dependence on blockchain.

To solve these problems, Jae Kwon created the cosmos network. Each app developer has their own blockchain, which gives them sovereignty. Cosmos solves the problems of high fees and independence, but adds the problem of not easy development. Since its launch, Cosmos has received a number of improvements, such as Inter Blockchain Communication (IBC), a controlled and simplified virtual environment, and Interchain Security. Together, these three key innovations in Cosmos allow for a uniquely scalable blockchain ecosystem, also known as the multi-chain world.

Web3 continues to grow rapidly in markets such as gaming, entertainment and financial technology… As a consequence, there will be higher demands on the reliability and scalability of blockchains, as well as the end-user experience.

Saga is a protocol that reshapes the Web3 interface, offering unprecedented flexibility for developers and end users alike. We are a network for running chains. We’ll help solve these problems and create 1000 chains in the multiverse.