Peaq Network Explained in 2 Mins
As Peaq’s $PEAQ token is set to launch soon, let's dive into how Peaq is changing the game for DePIN.
Peaq is a blockchain network engineered specifically to support DePIN (Decentralized Physical Infrastructure Networks), a revolutionary concept that brings decentralization to physical assets.
With over 1,000,000 machines and $25 million in real-world assets connected to its ecosystem, Peaq delivers a range of modular tools that make it simple for developers to build applications in areas like transportation, robotics, and IoT.
Understanding the DePIN Landscape
Decentralized Physical Infrastructure Networks (DePINs) are reshaping how physical assets are managed and monetized.
DePin chains can be categorized into three main types: General Purpose Chains, DePin-Focused Chains, and Custom App-Chains.
Peaq’s blockchain is classified under DePIN-Focused Chains, which are optimized to support DePIN applications. These chains are distinguished by:
Strong project support and deep sector expertise
High scalability to accommodate large networks of devices
Built-in functionalities to streamline DePIN development
As a Layer 1 blockchain dedicated to DePIN, Peaq is tailored for machine-related real-world assets (RWAs) and optimized to handle the high scalability needs of device networks.
By using parallel processing, Peaq achieves high throughput with low transaction fees, making it efficient and affordable.
Peaq’s Modular DePIN Functions: Simplifying Development for the Economy of Things
Peaq offers a suite of tools designed specifically for building DePINs, providing essential functionalities for developers working with machines and devices. Its standout feature is Modular DePIN Functions: specialized components that give developers ready-to-use capabilities.
Here’s a look at the core offerings:
Peaq ID
Every machine on the Peaq network has a unique identity. Peaq ID enables decentralized identification, authentication, and transaction capabilities for devices like vehicles and robots, laying the groundwork for seamless machine-to-machine (M2M) interactions.
Peaq Access
Peaq Access allows advanced permission controls, enabling developers to manage roles and user groups. For example, a car-sharing app can manage who can access a vehicle, or restrict entry to a specific area based on user privileges.
Peaq Verify
Ensuring data integrity is essential for DePIN. Peaq Verify provides a framework to authenticate data from devices, using cryptography, machine learning, and oracles to guarantee that only untampered data is used, backed by incentives from multiple DePIN networks.
Peaq Pay
Peaq Pay simplifies payments between users and machines. Users set up multi-signature wallets in the background to fund services, approving payments and refunds based on service completion.
AI Agents
In collaboration with Fetch.ai, Peaq leverages AI-powered Microagents that optimize business processes for DePIN applications. For instance, drivers can find the best parking spot while automating payments. This AI integration adds a layer of efficiency, further enhancing DePIN functionality.
Bridging the Ecosystem: Peaq's Interoperability and EVM Compatibility
Interoperability is key in the multi-chain ecosystem. Devices on Peaq can seamlessly communicate across ecosystems such as Solana, Cosmos, and the BNB chain.
Additionally, Peaq is EVM-compatible, allowing developers to port their Ethereum-based code to Peaq effortlessly, enabling cross-chain communication and broadening the development horizon.
Growing Ecosystem: DePIN Projects on Peaq
Peaq’s ecosystem already includes over 40 DePIN projects across 20 verticals, powering a network of over 1 million machines. Notable projects include:
NATIX Network
MapMetrics
Silencio Network
These projects leverage Peaq’s DePIN infrastructure to unlock new possibilities in sectors like transportation, data, and IoT.
Enterprise Partnerships and Proven Experience
Peaq’s team is no stranger to the enterprise blockchain space. Prior to Peaq, the founders delivered blockchain solutions for industry giants like Audi.
Today, Peaq’s partnerships with Bosch and Airbus underscore its credibility and potential to drive enterprise adoption of decentralized infrastructure.
The $PEAQ Token: Backbone of the Peaq Ecosystem
The $PEAQ token powers transactions, governance, and staking for collators and delegators within the ecosystem. The token also operates on a disinflationary model, with inflation decreasing over time, adding further value as demand grows with DePIN applications.
A Long-Term Vision: Pioneering the DePIN Space Since 2017
Peaq has been a visionary in the DePIN space since 2017, long before DePIN became a widely recognized concept. The founders were instrumental in bringing blockchain technology to brands like Audi and NTT, tailoring enterprise solutions that paved the way for the robust DePIN ecosystem Peaq is building today.
Unlike general-purpose chains such as Solana that focus on high throughput, Peaq offers a modular, multi-chain architecture built on solid fundamentals. This modularity allows developers to jump straight into their DePIN projects, handling both supply and demand sides without the need for complex technical setups.
With Peaq’s mainnet and $PEAQ token launch just around the corner, the blockchain is poised to make a significant impact on the DePIN landscape.
By delivering modular tools, EVM compatibility, and interoperability across chains, Peaq is empowering developers to build innovative applications that connect physical assets to the blockchain, unlocking unprecedented value.
