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Michael Holdmann Has Been Trying to Fix the Internet Since Before We Called It the Cloud
After five decades in telecom, cloud services, IoT and standards work, the PraSaga founder is making his longest bet yet: that blockchains need better objects, not more contracts.
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.