SagaCoin is a privacy cryptocurrency enabling anonymous and private transactions using Darksend and masternodes. SagaCoin is an open source cryptocurrency project that officially launched on December 3, 2017 using a hybrid Proof-of-Stake (PoS) and Proof-of-Work (PoW) consensus mechanism based on the Scrypt hashing algorithm. Cryptocurrency wallets officially supported by SagaCoin are available for Microsoft Windows, MacOS, Linux, and paper wallets.
The cryptocurrency aims to connect banks, corporations, and payment providers with an option to pay and exchange money on a global scale. Privacy of transactions is ensured by over four hundred masternode servers that are located around the world. Transactional history, as well as balances, are entirely privatized. Users are able access real-time traceability of funds, and make on-demand settlements.
SagaCoin can be traded on several different platforms including Nova Exchange, Birake Exchange, Unnamed Exchange, and Social Send Exchange.
The following tables describes the technical specifications of SagaCoin according to the projects white paper:
Algorithm
Scrypt
Block reward
25 SAGA first year, 12.5 SAGA second year, 6.25 third year
Block size
2 MB
Block time
120 seconds
Difficulty retarget
10 minutes
