🟢Public Goods Network

Public Good Network supported by Gitcoin - Powered by OP Stack Bedrock

Introduction

"The chain with purpose"

What are public goods?

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, the values of which are shared by the local public and is ultimately aimed at positive externalities that strive for the longer-term betterment of the whole world.

This is a high-level description of what Toby Shorin, Laura Lotti, and Sam Hart shared about this topic in their post – Positive Sum Worlds.

Authors Laura Lotti, Toby Shorin, Sam Hart Published July 02 2021

Some common examples include services and programs that we use daily, as well as some important concepts that have emerged in the digital era:

  • Public libraries

  • Permanent land preserves

  • The Global Seed Vault

  • Internet

  • Sanitation

  • Open source software

  • Open AI models

  • Open standards and open content

More Reading:

What are public goods
Vitalik, Hitze and Weyl's Publication where Quadratic Funding was introduced

Sustainable Funding for Public Goods

One of the most remarkable features of the Public Goods Network is its commitment to generating sustainable funding for public goods initiatives. A substantial portion of transaction fees on PGN is earmarked to support various public goods projects. By running decentralized applications (dApps) on the PGN network, developers automatically contribute to funding these essential public goods, fostering an ecosystem of collective support and collaboration.

Gitcoin's Role

PGN operates as a roll-up, managed collaboratively by Gitcoin and Conduit, an independent infrastructure facilitator. It presents a unique approach to the distribution of sequencer fees. Rather than functioning for Gitcoin's benefit, it's geared towards those committed to creating enduring, credible, and substantial funding avenues for public initiatives. Read more about the sequencer fees of PGN >-> Technology

Purpose

The core purpose of PGN is to serve as a digital convergence zone for individuals and entities dedicated to bolstering public goods.

Usage

For users, why use PGN?

Simply by using the network, you are supporting public goods and public goods projects.

Participating in Gitcoin Grants

The latest Gitcoin Grant 18 was conducted on PGN to fund Public Good project.

Governance

The alliance, consisting of Protocol Guild, Public Nouns, Clr.fund, Giveth, Hypercerts, Protocol Labs, Octant, Eco, Hedgey and Gitcoin, will oversee the allocation of sequencer fees, ensuring growth and sustainability of public goods funding.

Transaction costs

To see the most recent average transaction cost on PGN check here.

Step by step guide of using PGN + How to set up you Gitcoin Passport

How Secure/Decentralized is PGN?

To go in-depth into security and decentralization we recommend checking out the L2Beat's page for PGN 👇

For Devs

Why build on Project PGN?

Toggle for more info:

PGN is ready to go

equipped with bridging, transaction view, block explorer, and core infrastructure.

Security, Stability, and Scalability of an Ethereum L2

PGN is powered by the EVM equivalent Bedrock version of OP Stack which offers you the security, stability, and scalability of an L2, with low costs, with all the benefits that OP Stack and the Superchain offers. To read more go to Technology

Participate in Public Goods Funding

By running decentralized applications (dApps) on the PGN network, developers automatically contribute to funding these essential public goods, fostering an ecosystem of collective support and collaboration.

Contract Secured Revenue (In Development)

Allows smart contract developers to claim a percentage of all transaction/gas fees paid by users when interacting with their smart contracts to support developers’ need for sustainable revenue sources. Read more Roadmap

For Investors

Benefits

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Transparency

By leveraging Blockchain technology, PGN introduces greater transparency and efficiency into the funding process, ensuring resources reach the projects where they are needed most.

Supporters

Notable names such as PublicNouns, clr_fund, giveth, hypercerts, octantapp, endaomentdotorg, eco, protocollabs, and, of course, Gitcoin have expressed their support for the network.

Now conducting Gitcoin Grants

GG18, was conducted on the PGN network. In which we were also a proud participant.

Metrics

Toggle for more info:

You might want to look at some of our charts to help you make your financial decisions:

Daily Active Addresses

To see the trend of the usage and user base of PGN check here.

Onchain Profit

This is what the chain makes in profit onchain each day. It quantifies profitability by comparing the revenue generated from L2 gas fees collected to the costs associated with data & proof posting onto the Ethereum blockchain. See current metrics here.

Public Goods Alliance

The Public Goods Alliance will be the governing and organizing body behind PGN. Anyone interested in building on PGN, receiving funding for public goods projects, or contributing to improving PGN is invited to participate.

How can I get involved as an alliance member?

You can reach out to PGN on Telegram via the “Alliance Discussion” channel. The requirements, commitments, and details are still forming. Expressing your interest helps PGN better shape this program. 👇

Technology


Check out our Page about OP Stack for a short summary of OP Stack 👇

OP Stack

Public Goods Network also plans to integrate with Optimism Superchains.

If you do not know exactly what that is check out our short summary of that 👇

Superchain

Why is Superchain desired?

  • Accelerate activity

  • Be a part of the Public Goods Infrastructure

  • Easier development

  • Builds towards an interoperable crypto economy

Sequencer Fees

Most of the net sequencer fees are designated for public goods initiatives. Following the initial six months post-launch of PGN, these fees will undergo evaluation and distribution, drawing on comprehensive data accumulated during that period. Specific governance details are currently under development, and organizations are welcome to become part of the Network Alliance.

This collective will play a crucial role in shaping governance structures and deciding on the allocation of sequencer fees.

Filling blockspace is, in part, a race to the bottom. The bottom of the stack is where value capture is the most persistent and accepted.

Rather than fill blockspace for other organizations who may be captured by VCs, or other rent-seeking motivations, PGN believes their blockspace should be filled such that they can reallocate those funds to further the objective of growing and funding public goods.


Roadmap

Early 2024 Vision:

Airdrop?

PGN is not planning an airdrop at this time but will explore how best to govern PGN in early 2024.

PGN is interested in finding non-token-related governance options but is still exploring what’s possible.

Contract Secured Revenue (CSR) [No date announced yet]

In the future, PGN will enable CSR to support developers’ need for sustainable revenue sources.

Contract Secured Revenue allows smart contract developers to claim a percentage of all transaction/gas fees paid by users when interacting with their smart contracts. This means that the more dApps that build on PGN and the more users that engage with those dApps, the more revenue that will be generated for both the developers deploying those dApps, and for Public Goods.

The following Ethereum Improvement Proposal (EIP) proposes the introduction of CSR on EVM-based L2s (such as PGN) which would provide smart contract developers who deploy on L2s access to revenue streams and/or public goods.

PGN x growthepie first day post and data snapshot

Documentation

Public Goods Network - PGN

This source provides comprehensive information about the Public Goods Network, its purpose, and how it operates. It's a primary source for anyone wanting to understand or utilize the PGN.

What is PGN? - PGN - docs.publicgoods.network

This section of the PGN documentation explains what the Public Goods Network is, its collaboration with Optimism, and why users should consider using it.

FAQs - PGN - docs.publicgoods.network

This is the FAQ section of the Public Goods Network documentation, answering common questions about the network, its purpose, and functionality.

Get Involved - PGN - docs.publicgoods.network

This section invites readers to participate in the Public Goods Network, offering avenues for engagement and contribution to the network's growth and development.

Must-Read Articles

Post Positive-Sum world - otherinter.net

This Blog explores the intricate nature of public goods in the context of digital communities and crypto protocols.

More reading on Quadratic Funding and Liberal Radicalism

What are Public Goods? - GitHub

This resource from Gitcoin's knowledge base on GitHub discusses the concept of public goods in the context of the platform's grants system.

Supporting Public Goods Network: The Chain with Purpose | Gitcoin Blog

This blog post on Gitcoin's official site talks about the Public Goods Network's significance and how it channels fees toward public goods in the Ethereum ecosystem.

Gitcoin Launches Public Goods Network (PGN) - Medium

This post announces the launch of Gitcoin's support for Public Goods Network, highlighting its features and the value it provides in supporting public goods.

Public Goods Network — PGN Mainnet— Step by Step Guide - Medium

This guide provides a step-by-step process for users interested in the Public Goods Network, explaining how to get started with the mainnet.

Contract Secured Revenue - eips.ethereum

This is the draft proposal of Contract Secured Revenue which allows smart contract developers to claim a percentage of all transaction/gas fees paid by users when interacting with their smart contracts.

Videos and Podcasts

X Accounts to Follow

@pgn_eth

@0xzak

@GAOAnetwork

@gaoa97

@GitcoinCitizens

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