# PraSaga Foundation

> PraSaga Foundation is a non-profit blockchain organization building SagaChain, a layer-one blockchain that replaces smart contracts with programmable 'smart assets' - first-class objects that model real-world things directly on-chain. Founded in 2017 by Michael Holdmann and David Beberman, PraSaga pairs a natively sharded architecture with a hybrid Proof-of-Work/Proof-of-Stake consensus and a Python-based developer stack (SagaOS, SagaPython) to target the scalability, cost, and usability limits of first-generation chains. Its native SagaCoin uses a dynamic monetary policy aimed at stable purchasing power. A public development testnet went live in 2025.

- **Founded:** 2017
- **Headquarters:** Zug, Switzerland (US office: Las Vegas, Nevada)
- **Founders:** Michael Holdmann (Founder & CEO), David Beberman (Co-Founder & CTO), Jay Moore (Co-Founder & CMO)
- **Team size:** ~31 employees
- **Products:** SagaChain, Smart Assets (SagaPSA), SagaOS, SagaPython, SagaCoin
- **Notable:** Launched the SagaChain public development testnet (4 shards, 4 nodes per shard) in May 2025, Opened developer access to SagaScan explorer and SagaClient in August 2025, Pioneered a smart-asset object model as an alternative to smart contracts

## Products & services

- **SagaChain** — A layer-one blockchain with a natively sharded architecture, hybrid PoW/PoS consensus, and a Meta-class object state database that replaces smart contracts with programmable smart assets.
- **Smart Assets (SagaPSA)** — Multi-inheritable, programmable first-class objects representing real-world assets on-chain - PraSaga's alternative to traditional smart contracts.
- **SagaOS** — The operating-system layer of the SagaTech Stack that manages persistent state and transaction execution on SagaChain.
- **SagaPython** — A developer framework that lets transactions be written as simple Python scripts to move SagaCoin or smart assets between accounts.
- **SagaCoin** — The native cryptocurrency with a dynamic monetary policy targeting stable purchasing power based on internal chain metrics.

## Achievements

- Launched the SagaChain public development testnet (4 shards, 4 nodes per shard) in May 2025
- Opened developer access to SagaScan explorer and SagaClient in August 2025
- Pioneered a smart-asset object model as an alternative to smart contracts
- Structured as a non-profit Swiss foundation to steward open blockchain infrastructure
- Raised approximately $8M to fund protocol development

## Latest updates

- **2025-08** — Wrapped SagaCoin ($wPSC) went live via a Meteora DLMM on Solana; SagaChain public development testnet, SagaScan explorer and SagaClient opened to developers.
- **2025-05** — SagaChain public development testnet launched with 4 shards and 4 nodes per shard.
- **2022-09** — Announced developers could begin creating on SagaChain (PR Newswire).

## Links

- Website: https://prasaga.com
- LinkedIn: http://www.linkedin.com/company/prasaga
- Twitter/X: https://twitter.com/prasagaofficial
- Instagram: https://www.instagram.com/prasagaofficial/
- Facebook: https://facebook.com/prasagaofficial

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Profile page: https://yespress.io/prasaga-foundation
Published by YesPress — https://yespress.io
Last updated: 2026-07-11