peaq is a Layer 1 blockchain specifically designed to power the Machine Economy by facilitating Decentralized Physical Infrastructure Networks (DePINs). It offers a high-performance platform optimized for real-world applications, enabling seamless integration of vehicles, robots, and devices across industries such as mobility, energy, and connectivity.

The network supports both EVM and WASM smart contracts, providing developers with flexibility and access to extensive Web3 ecosystems. peaq's architecture ensures scalability, capable of handling over 10,000 transactions per second, with plans to exceed 100,000 TPS through future upgrades. Transaction costs are kept minimal, approximately $0.00025 per transaction, making it cost-effective for large-scale operations.

peaq emphasizes sustainability by utilizing an environmentally friendly blockchain architecture. It inherits security and decentralization from the Polkadot Layer 0, eliminating the need for energy-intensive mining processes. This approach aligns with peaq's goal of fostering a decentralized, positive-sum economy that benefits both technology and the environment.