PraSaga is fulfilling its vision for a limitless global infrastructure, enabling a system that will benefit users across the globe. Currently the blockchain ecosystem is limited by its scalability, of which transaction processing is a particularly challenging bottleneck. This is typified by the limitations of the smart contract, which enables the processing of just one transaction or action, at any time. PraSaga’s technology will enable the execution of multiple actions simultaneously and in greater numbers.
“The award of this patent enables PraSaga to take another significant step in delivering the next evolution of blockchain architecture – by providing the ecosystem with a major building block in scalability,” states Michael Holdmann, CEO and Founder of PraSaga. “Our technology fundamentally changes how a blockchain can scale by enabling SagaOS to execute operations and functions directly off of SagaChain, enabling much more complex problems to be solved and a globally hardened codebase.”
The patent granted to the Swiss Foundation, with its 26 claims, which references the prior art of IBM’s OS/2 operating system, a 1st class object model architecture (influenced by Parc Research’s Smalltalk object-oriented language) is also the basis for OSX, Windows and Linux. SagaOS establishes an operating system that will run on the global network of the SagaChain and store the class trees and logic for Smart Assets saved into individual accounts on SagaChain.
“This is going to improve the ability for developers to create applications, manage their codebases and address real world challenges,” said David Beberman, CTO and Co-Founder of PraSaga. “We set out to address parallel processing of transactions and in the process built a method for writing blockchain applications that more closely matches other applications environments.”
