- Developers have launched the core Public Goods Networks.
- The blockchain is built on the Optimism stack.
- A portion of the fees on the PGN network will go to fund public goods.
The Public Goods Network (PGN) team has announced the launch of the core network. It will be used to fund public projects and develop decentralized application infrastructure.
The new blockchain is built on OP Stack, Optimism Mainnet’s software product. The L2 solution from the Gitcoin platform joins the list of projects successfully using OP Stack: Base from Coinbase, BNB Chain and Zora.
On July 7, Public Goods Network connected to the Ethereum Sepolia network using an official bridge.
Public Goods Network relies on a centralized sequencer to batch process data. A significant portion of the funds generated from PGN sequencer fees will be used to build parks and libraries and develop Open Source solutions.
Users will be able to participate in funding projects by simply completing transactions on the Public Goods Network. They will become part of a network alliance and play a role in distributing payment for the sequencer.
Gitcoin is a platform for paying professionals who create open source software. In May 2021, it launched GTC, a cryptocurrency designed to simplify mutual payments.
And in May 2021, it launched GTC, a cryptocurrency designed to simplify mutual payments.