Overview
peaq is a cutting-edge Layer 1 blockchain developed to facilitate the Machine Economy. By integrating Decentralized Physical Infrastructure Networks (DePINs) and Machine Real-World Assets (RWAs), peaq aims to decentralize and optimize machine-to-machine interactions. The network is designed for high scalability, cost-efficiency, and robust interoperability. peaq empowers developers to create decentralized applications that redefine automation and machine utility within an open, permissionless framework.
Key Features
Scalability and Efficiency
peaq employs advanced blockchain technology to enable high transaction throughput, achieving up to 10,000 transactions per second (TPS) with plans to scale beyond 100,000 TPS. Its parallelized block production and asynchronous backing ensure low-latency operations. The network maintains minimal energy consumption, aligning with global sustainability goals.
Developer-Friendly Environment
peaq supports both Ethereum Virtual Machine (EVM) and WebAssembly (WASM) environments, offering flexibility for developers using Solidity or Rust. Through its JavaScript-based peaq SDK, developers can access ready-to-use tools for managing decentralized machine operations, including self-sovereign machine identities and autonomous AI agents.
Modular Functions for DePINs
The platform provides a suite of modular functionalities tailored for DePIN use cases, including data verification, machine payment processing, secure data storage, and real-time data indexing. These tools streamline the development and deployment of decentralized applications, reducing complexity for teams working on Web3 machine ecosystems.
Interoperability
peaq is designed for seamless interaction with major blockchain ecosystems, including Polkadot, Ethereum, Solana, and Cosmos. Its bridging infrastructure connects with over 30 blockchains, facilitating cross-chain operability for machine identities and data exchanges.
Ecosystem and Adoption
peaq powers an expansive ecosystem, supporting over 50 DePINs across industries such as transportation, agriculture, cybersecurity, and gaming. Notable projects leveraging peaq include:
- Silencio: A global noise pollution monitoring app with over 425,000 users in 180+ countries.
- MapMetrics: A drive-to-earn platform with tens of thousands of active drivers reporting real-time traffic updates.
- Farmsent: A network enabling farmers to manage produce distribution autonomously.
- DATS: A cybersecurity platform enhancing online safety for over half a million users.
These projects highlight the versatility of peaq’s infrastructure in fostering decentralized machine networks.
Tokenomics
The $PEAQ token is the native utility asset of the peaq network, enabling transactions, governance, and staking. Token holders can vote on network upgrades, machine subsidies, and protocol developments. Its role is central to maintaining network security and incentivizing ecosystem participation.
Recent Developments
In November 2024, peaq achieved a major milestone by launching its mainnet, initiating a new era for the Machine Economy. This launch was accompanied by the listing of $PEAQ on multiple cryptocurrency exchanges, solidifying its presence in the Web3 landscape. With its innovative vision and strong ecosystem, peaq positions itself as a leader in enabling decentralized networks for machine operations.
