Pecu Novus is a layer-one blockchain network that was envisioned in August 2016 and launched in 2017, originally geared towards solving inherent issues with conducting global business. In March 2022, the integration of an overhaul of the network began and as of 27 August 2022, a new age has come with the step-by-step rollout of Pecu Novus 2.0, a complete overhaul of the entire network. This has been underway in the development phase since late 2021 under the guidance of MegaHoot Technologies.

The overhaul has been dubbed "Code Falcon" and the results are a fully functional mainnet with the ability to dynamically split and shard automatically as the need arises. This has done a number of things for the network, such as increasing the speed and scalability, so as the usage increases the network will expand dynamically to meet that demand.

It also allows for increased security protocols to be put in place to protect the network, network members and the developers that will be building platforms on the backbone of Pecu Novus. Additionally, it will increase the decentralisation of the network whilst keeping the network member experience robust with platforms that are simple to use.

Through the use of the unique Proof-of-Time consensus mechanism, rather than Proof-of-Stake, Pecu Novus has successfully increased inclusion based on the efforts of each node validator, which holds true to what technology is supposed to do: include all people. Consequently, anyone can actually become a validator without any coding knowledge because the client is autonomous with no coding involved.

Validators that put the effort in to actively run a simple client on their computer with an internet connection execute vital functions, such as helping to strengthen the security and speed of the network. For this, the validator earns rewards for their efforts.

The Proof-of-Time consensus mechanism has allowed Pecu Novus to be a carbon-neutral network whilst allowing for mass inclusion. Security is always at the forefront and with proprietary security protocols in place across the entire ecosystem, it will protect network members, their digital assets on the network, decentralised applications and enterprise-level members.

Validator nodes on the Pecu Novus Network are autonomous and they are low powered. The interface is self-driving and requires no human intervention, requiring simply an internet connection. There are no complex equations to solve or any PECU that has to be staked in order to run a node. There is no coding involved; basically, it is a plug-and-play scenario that features a rewards system based on the efforts of the validator.

They are not based on Proof-of-Work or Proof-of-Stake consensus mechanisms. It is based on the Proof-of-Time consensus mechanism. In short, the time a node is live is what dictates the PECU reward received. This allows for the inclusion of many network users globally to participate in the growth and security of Pecu Novus whilst earning rewards based on their efforts.

Another component is Proof-of-Time: since all transactions on the network are timestamped, it allows for full transparency on when a transfer was made. Also, Proof-of-Time is included in the reward structure; the more a node is used by the network, the greater the reward. Current Bitcoin and Ethereum miners may find the low power usage validator nodes appealing to their current business model without disrupting their ongoing mining activities.

The PNP16 protocols allow developers to build both centralised and decentralised layer-2 platforms on the Pecu Novus Blockchain Network in various coding languages that would benefit the growth of the Pecu community.

They can build layer-2 blockchains and entire ecosystems that can benefit from the security protocols. The developer area and virtual machine are in the process of being added to the network; once the tools are available for public use, they will be announced.