The blockchain developer community platform Gitcoin has announced the mainnet launch of Public Goods Network (PGN), a highly composable EVM rollup.
PGN is built on the Bedrock version of OP Stack, in collaboration with Optimism and third party infrastructure provider Conduit. It is designed as an alternative low-cost L2 for public goods and public goods projects.
It uses Optimistic Rollups to execute Ethereum transactions on the secondary layer. The PGN network is EVM-compatible and offers functionalities similar to OP mainnet.
A significant portion of transaction fees on PGN is allocated to support public goods projects. The official announcement says that developers will automatically generate funding for public goods by running dApps on PGN.
While describing ‘public goods’, project’s official documentation states, “Anything that is both non-excludable and non-rivalrous, that is, people can’t be barred access, and one person’s use doesn’t degrade another’s.”
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Some of these public goods examples are public libraries, open-source softwares, open data and AI models etc. It also announces that a portion of Gitcoin’s next grant round GG18 will run on PGN.
