Introducing the peaq network
The peaq network is optimized specifically for the transactions required by our specific use case - the Economy of Things. This focus allows us to provide the best possible infrastructure for the Economy of Things by taking into consideration many mainstream M2M and IoT use cases.
The transactions on the peaq network are optimized for the operations required by the machine economy. This allows for faster execution of logic and finality of transactions. The optimization of transactions, together with our PoS architecture, is also what brings down the transaction costs dramatically.
For developers and specific use cases requiring demanding computation, we can provide custom APIs and tools that come with the blockchain node itself instead of smart contract APIs which are relatively slow and hence cost more compared to the node integrated offering.
The peaq network is built on Substrate to become part of the Polkadot ecosystem in order to bridge to other networks within the Polkadot ecosystem, creating interoperability and leveraging the vast innovations for the machine economy, especially in the field of DeFi.
Going forward, we will enhance our substrate based network by implementing our DAGchain invention in order to achieve even higher scalability and speed.
There is a lot more information available on Substrate here as well as on the DAGchain structure here for those who want to dive deeper.
The peaq network will be rolled out in several steps.
Zugspitze Testnet (TGE)
  • peaq App v1
    • NFT minting functionality to enable instant user interaction and community engagement.
  • Identity, access and payment functions
  • Release first EoT dApps such as decentralised charging.
Fuji Network | Mainnet v1
  • Decentralised public network using Nominated Proof of Stake consensus.
  • peaq App v2
    • NFT Staking functionality
  • Launch of further dApps such as decentralised parking and zoning in alignment with GAIA-X MoveID
Kilimanjaro Network | Mainnet v2
  • DeFi Bridges and Oracles.
  • peaq App v3
    • Machine Launchpad
      • Add and manage machines
      • Get your machine subsidised
      • Earn with your machine
      • Vote for Machines
Everest Network | Mainnet v3
  • DAGchain implementation on Substrate for increase of speed and scalability
  • Token minting model dependent on network usage.
  • ADDBFT consensus for Substrate (To be further explored)
Last modified 16d ago
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