What is PEGO Network?
The sustainable Layer 1 blockchain is built for everyone.
As we enter the AI era, the combination of Web3 and AI may offer enormous potential. Technological trends call for the emergence of platforms that support AI-based decentralized applications. But the current Web3 ecosystem has exposed several defects, including inadequate interoperability, poor or limited performance, liquidity issues, and a lack of mature governance mechanisms.
PEGO is a new practice that provides a Web3 infrastructure, offering high autonomy, scalability, and sustainable solutions to support community autonomy and the innovative iteration capabilities of decentralized applications.
How does it work?
PEGO Network is designed to be sustainable. The platform’s composite economic incentive mechanism is based on the PPOS consensus, which helps to promote the sustainable development of the network. PEGO’s consensus mechanism, PPOS, is optimized based on POS and DPOS. Its goal is to allow all network participants (nodes and users) to enjoy fair treatment and rewards. This mechanism incentivizes users to hold and stake PEGO tokens, which helps to ensure that the network remains secure and sustainable over the long term.
The PEGO blockchain is fully compatible with the Ethereum Virtual Machine (EVM) system, which means that developers can leverage their existing knowledge and skills to build on PEGO Network. On PEGO network, developers can write smart contracts in languages such as Golang, Rust, Solidity, etc. Once compiled, these contracts are stored in binary form on the blockchain. Users can trigger the execution of the code in the smart contract by sending transactions.
One of the most significant benefits of the PEGO Network is its community-driven ecosystem. A global DAO governs PEGO through its native crypto asset: PG. The platform is fully community-driven, meaning users have a say in how the network is run. All on-chain parameters can be adjusted through proposals initiated by the community, which ensures that the network can evolve to meet the needs of its users.
What is happening?
- Mainnet Launch: May 15th, 2023,
It aims to provide a secure and efficient platform for various decentralized applications.
What is coming soon?
- Launch Cross-Chain Bridge
- Launch W3Swap-PEGO version
- Launch Multi-Mining Farm V2 version
- Launch a new version of OSK-DAO
- Launch Mapping Tool
To learn more about PEGO Network and its features, developers can refer to the whitepaper available at https://home.pegotest.net/whitepaper_en.pdf.
PEGO Network also provides regular updates and information on its official social media channels, including Twitter and Discord.
- Twitter: https://twitter.com/pegonetwork
- Discord: https://dsc.gg/pegonetwork
