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’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.