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What is peaq?

peaq EVM is the EVM chain of the layer-1 blockchain purpose-built PEAQ and optimized to power the Machine Economy. The platform enables decentralized physical infrastructure networks (DePINs), decentralized physical AI (DePAI), Machine DeFi, and Machine RWAs (Real-World Assets). By leveraging parallelized block production, asynchronous backing, and agile core time, peaq currently handles up to 10,000 transactions per second (TPS). It is set to scale beyond 100,000 TPS after future upgrades, all while maintaining a minimum transaction cost of approximately $0.00025.

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Key Features and Advantages

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Machine Economy Focus

peaq is purpose-built for the Machine Economy, supporting:
  • DePINs (Decentralized Physical Infrastructure Networks): Networks that incentivize people to deploy hardware for real-world services
  • DePAI (Decentralized Physical AI): Decentralized AI systems that interact with physical infrastructure
  • Machine DeFi: Decentralized Finance based on machines’ on-chain economic value and activity
  • Machine RWAs: Tokenized machines bringing real-world economic value on-chain

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High Performance & Scalability

  • Current Throughput: Up to 10,000 transactions per second (TPS)
  • Future Scalability: Set to scale beyond 100,000 TPS after future upgrades
  • Low Transaction Costs: Minimum transaction cost of approximately $0.00025
  • Parallelized Block Production: Enables high throughput and efficiency
  • Asynchronous Backing: Advanced consensus mechanism for performance

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Security & Decentralization

  • Environmentally-Friendly Architecture: Leverages the world’s environmentally-friendliest blockchain architecture
  • High Nakamoto Coefficient: One of the highest Nakamoto Coefficients in the industry to ensure censorship resistance
  • EVM Compatibility: Full EVM compatibility for familiar development tools

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Modular DePIN and DePAI Functions

peaq offers a comprehensive suite of ready-to-use Modular DePIN and DePAI Functions, granting builders and machines essential core functionalities:
  • Self-Sovereign Machine IDs: Unique identity for machines on-chain
  • Role-Based Access Control: Secure permission management
  • Data Verification: Ensure data integrity and authenticity
  • Universal Machine Time: Synchronized time across the network
  • Seamless Machine Payment Processing: Built-in payment infrastructure
  • Data Storage: On-chain and off-chain storage solutions
  • Data Indexing: Efficient data retrieval and querying
  • AI Agents: AI-powered automation and decision-making
All functions are accessible via the peaq SDK, allowing developers to deploy them with just ~15 lines of code.

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Network Specifications

  • Technology Stack: EVM-compatible Layer 1
  • Network Type: EVM-compatible blockchain
  • Consensus: Asynchronous backing with parallelized block production
  • Transaction Speed: Up to 10,000 TPS (scaling to 100,000+ TPS)
  • Transaction Cost: Minimum ~$0.00025 per transaction

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Developer Tools & Infrastructure

  • Full EVM Compatibility: Support for standard Ethereum development tools
  • peaq SDK: Comprehensive SDK for deploying DePIN and DePAI functions
  • Modular Functions: Ready-to-use functions for machine economy applications
  • Smart Contract Development: Standard Solidity development support
  • Infrastructure:
    • Machine identity management
    • Data verification systems
    • Payment processing
    • Storage solutions
    • AI agent integration

peaq Documentation

Official documentation for developers building on peaq

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Data Catalog

Logs

Insights into smart contract interactions through event logs

Blocks

Information on blocks processed on peaq

Transactions

Detailed data on transactions

decoded

Decoded transaction information for enhanced analysis