What is peaq

peaq is a multi-chain Layer 1 blockchain optimized for Decentralized Physical Infrastructure Networks (DePIN). The network can scale beyond 10,000 transactions per second (TPS) while maintaining a minimal transaction cost of ~$0.00025. peaq uses the most environmentally friendly blockchain architecture available and utilizes the largest (Ethereum) and second-largest (Polkadot) developer ecosystems in Web3.

peaq supports EVM & ink! (Rust) Smart Contracts and Pallets, providing builders with flexibility and convenience. The network offers a wide range of ready-to-use backend functionalities that equip DePINs and dApps with essential core functionalities, including self-sovereign Machine IDs, role-based access control, seamless machine payment processing, machine data storage, Machine NFTs, data indexing, autonomous AI agents, and more. Functions written in Rust are available via the peaq SDK in JavaScript, enabling, for instance, the assignment of identities to machines, robots, and devices within 15 lines of code.

peaq’s multi-chain functionality enables seamless interaction with Polkadot, cross-chain machine identities with Cosmos, and bridges to Ethereum. The platform operates on an economic model specifically designed to incentivize both users and machines in the Economy of Things. It rewards machines and builders that connect, contribute, and generate transactions on the network, thereby fostering an active and rewarding ecosystem.