Public Goods Network: A Crypto Gem Worth Exploring

In the ever-evolving landscape of blockchain technology, a new player has emerged, promising to revolutionize the way public goods are funded.

The Public Goods Network (PGN), a low-cost Layer 2 solution built on top of Ethereum, has officially gone live on mainnet.

What is the Public Goods Network?

The Public Goods Network is an innovative platform designed to support public goods. It is built on the Bedrock version of OP Stack, in collaboration with Optimism, and powered by Conduit.

The PGN aims to take the vast majority of sequencer fees generated from users transacting on the network to fund public goods and public goods projects.

How Does PGN Work?

By using the network, users are indirectly supporting public goods.

This is because a significant portion of the sequencer fees, which are the costs associated with processing and ordering transactions on the Layer 2 system, are directed towards public goods projects.

Future Plans for PGN

Looking ahead, the PGN plans to enable Contract Secured Revenue (CSR) to support developers' need for sustainable revenue sources.

CSR allows smart contract developers to claim a percentage of all transaction fees paid by users when interacting with their smart contracts.

PGN's Impact on the Crypto Ecosystem

The launch of PGN is a significant milestone in the crypto ecosystem. It not only provides a low-cost Layer 2 solution on Ethereum but also serves as a dedicated blockchain for financing public goods.

This unique approach to sequencer fees could potentially pave the way for a new funding model for public goods projects in the crypto world.

PGN: A Game Changer for Public Goods Funding

In conclusion, the Public Goods Network is set to change the game in the world of public goods funding. By leveraging blockchain technology, PGN is creating a sustainable and efficient funding model for public goods projects.

As the network continues to grow and evolve, it will be interesting to see the impact it will have on the broader crypto ecosystem.

For more information about the Public Goods Network, visit their official website or check out their listing on Binance. Stay tuned for more updates on this exciting development in the world of crypto.

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