What is peaq

peaq is a Layer 1 blockchain purposely built and optimized for DePINs (Decentralized Physical Infrastructure Networks) and Machine RWAs (Real World Assets). Leveraging parallelized block production, asynchronous backing and agile core time, the network is capable of scaling to 10,000 TPS (transactions per second) and will be capable of scaling beyond 100,000 TPS post upgrade, while maintaining a minimum transaction cost of approximately $0.00025. peaq leverages the most environmentally friendly blockchain architecture available and the largest (Ethereum) and second-largest (Substrate) developer ecosystems in Web3.

peaq provides builders with EVM (Solidity) and WASM (Rust) Smart Contracts, offering builders flexibility and convenience. The network provides a wide array of ready-to-use Modular DePIN Functions that equip DePINs and dApps with essential core functionalities, these include; self-sovereign machine IDs, role-based access control, data verification, seamless machine payment processing, data storage, data indexing, autonomous AI agents, and more. The functions are available via the peaq SDK in JavaScript, allowing developers to deploy them with around 15 lines of code.

peaq enables seamless interaction with Polkadot, cross-chain machine IDs with Cosmos, Solana, and Binance, and bridges to Ethereum. peaq is EVM-compatible and is bridged to 30+ blockchains via various established bridges. peaq rewards machines and DePIN builders that connect, contribute, and generate transactions on the network, fostering a decentralized positive-sum economy that works for the world.