HomeBlockchainThe Gitcoin-supported Layer 2 network PGN is coming to an end.

The Gitcoin-supported Layer 2 network PGN is coming to an end.


The Gitcoin-backed Public Goods Network, a faster way to use Ethereum, will stop all its activities in the next six months and plans to completely close by mid-2024.

The project has decided to gradually close PGN over the next 6 months and plans to close in June 2024.

The network is changing direction which is a big deal for them. They started as an appchain last year to help Gitcoin with public goods and developer funding.

The project had to shut down PGN for a few reasons. It was hard to move users to the network and the costs were too high.

The team said it was hard to encourage people to move without a good network to help them, and the money needed to support this was too much for PGN’s budget.

Gitcoin and Conduit worked together to create PGN, which is a cheap way to make Ethereum work better. It was made using OP Stack, which is a software tool created by the same people who made OP Mainnet. It became part of a group of Layer 2 projects such as Base, Zora, and BNB Chain, which are based on OP Stack and supported by Coinbase.


Please enter your comment!
Please enter your name here


A well-known expert thinks the price of Bitcoin will reach $64,000 in 2025.

In a big deal, Bitcoin went past $64,000 on Thursday, which hasn't happened in over two years. Bitcoin is doing really well right now. Its...

EOS shows it is keeping 2 million EOS safe.

In the ever-changing world of decentralized finance (DeFi), protecting digital assets is most important. Recent EOS events demonstrate the importance of strong security. The recovery...

AI is the future for making diets and preventing diseases that are made specifically for each person.

AI is being used to make diet plans that are personalized and can help you lose weight and stop illnesses like Alzheimer's and cancer. ...

Strike CEO Jack Mallers says company will start offering services in Africa.

Today, Jack Mallers, the CEO of Strike, has announced the expansion of Strike's suite of Bitcoin services into several African markets. I just published Announcing Strike...

Most Popular