On July 7, #Gitcoin published an article introducing the Public Goods Network (PGN), a Layer2 network developed based on OP Stack. At the same time, on August 18, Gitcoin officially announced its 18th round of support for PGN network donations. Deposit/withdrawal transactions have exceeded 100,000
Public Good is anything that is neither exclusive nor rival, that is, people cannot be prohibited from using it, and one person's use does not reduce the use of another. In the traditional world, parks, power grids, libraries, etc. can all be called public goods;
#PGN Currently incubated by Gitcoin, it is supported by Protocol Guild, Public Nouns, Clr.fund, Giveth, Hypercerts, Protocol Labs, Octant, Eco, Hedgey, etc. Explore a new funding mechanism to provide a sustainable source of funding for public goods (Public good) in Ethereum and beyond.
PGN inherits the architecture of OP Stack. Every transaction in the network will generate a sorter fee. PGN will collect the vast majority of sorter fees generated by users' transactions on the network to fund public goods and public goods projects. Any user who uses the network is supporting the development of public goods. In the future, after EIP-6969 is passed, PGN will also enable Contract Guaranteed Revenue (CSR) to meet developers' needs for sustainable sources of income. Contract Guaranteed Revenue allows smart contract developers to claim a certain percentage of all transaction fees paid by users when they interact with smart contracts.
This means that the more dApps are built on PGN, the more users engage with those dApps, and the more revenue generated for the developers and public goods that deploy those dApps.
The development of this public chain is currently in its very early stages. You can pay attention to it in the long term and interact with it in a timely manner without Fomo.
