🟢Public Goods Network
Last updated
Last updated
Please note: The chain has been shut down. The information displayed serves only as a reference for learning and past developments. For more information, please go to this announcement from Gitcoin.
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.
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:
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.
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
The core purpose of PGN is to serve as a digital convergence zone for individuals and entities dedicated to bolstering public goods.
Simply by using the network, you are supporting public goods and public goods projects.
To go in-depth into security and decentralization we recommend checking out the L2Beat's page for PGN 👇
Toggle for more info:
Toggle for more info:
Toggle for more info:
You might want to look at some of our charts to help you make your financial decisions:
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.
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. 👇
Check out our Page about OP Stack for a short summary of 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 👇
Accelerate activity
Be a part of the Public Goods Infrastructure
Easier development
Builds towards an interoperable crypto economy
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.
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.
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.
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.
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.
X Accounts to Follow
@pgn_eth
@0xzak
@GAOAnetwork
@gaoa97
@GitcoinCitizens
