😀About PEGO NETWORK

🔔 PEGO Network is a Web3 infrastructure that provides high autonomy, scalability, and sustainability for decentralized applications.

PEGO has designed a fully community-driven autonomous Web3 infrastructure, where all on-chain parameters can be flexibly adjusted through proposals initiated by the community. According to the PPOS consensus, the established composite economic incentive mechanism can promote the sustainable development of the PEGO ecosystem.

Additionally, the PEGO blockchain is fully compatible with the EVM system, making it an ideal choice for developers aiming to build scalable decentralized applications.

💢 The Issues that PEGO Aims to Solve：

1️⃣ Inadequate interoperability between different chains, and the ecosystems are disconnected.

2️⃣ Performance and scalability cannot meet complex requirements

3️⃣ Contradictions between decentralization and efficiency in DAO

4️⃣ Lacking sustainable development plans for liquidity

5️⃣ Lacking mature governance mechanisms

🌟 PEGO Solutions：

Establish a more sustainable collaborative and incentive mechanism based on the PPOS consensus mechanism and fair incentive sandbox, while possessing high-performance characteristics.

Parameterized DAO governance mechanism for quickly and flexibly adjusting critical on-chain parameters.

The incentive and governance mechanisms are interconnected to achieve sustainable ecological development.

The EVM-compatible system architecture provides an open development environment that supports development languages such as Golang, Rust, and Solidity.

🚩 Design Principles：

Decentralization principle: Increase participation in the PEGO ecosystem by implementing more reasonable DAO governance and token incentives, while also punishing malicious validators. No participant in the PEGO ecosystem is granted any privileges.

Compatibility principle: PEGO strives to maintain compatibility with the Ethereum ecosystem from the very beginning of its design.

Interoperability principle: PEGO enables interoperability among different components, platforms, and applications.

Broad Consensus Principle: By utilizing incentives and the PPOS consensus, PEGO can more effectively attract users to enter the ecosystem for the long term and provide more flexible options for community governance.

🚀 Basic Implementation Standards：

1️⃣ The block generation time is less than 5 seconds, which is shorter than Ethereum.

2️⃣ Offer more convenient and efficient cross-chain functionality.

3️⃣ Integrate seamlessly with the EVM ecosystem.

4️⃣ Enable automated, decentralized, parameterized DAO governance, minimizing human decision-making intervention.