4/21/20241 min read

Peaq Network is a Web3 network project focused on the Internet of Things (IoT) economy. It operates as a Layer-1 blockchain specifically designed for decentralized physical infrastructure networks (DePIN) and has connected over 100,000 devices.

Key features of the Peaq Network include:

- High Decentralization: With a Nakamoto coefficient of over 90, Peaq Network boasts the highest level of decentralization among major Layer-0 and Layer-1 blockchains.

- Super Scalability: By leveraging elastic scaling and agile core timing, Peaq Network can handle more than 100,000 transactions per second.

- Environmental Friendliness: Peaq Network employs one of the most environmentally friendly blockchain architectures in Web3.

- Modular DePIN Capabilities: Peaq Network offers ready-to-use modular functions to power any DePIN and tokenize vehicles, robots, and devices.

Peaq Network allows developers to build decentralized applications (DePINs) for vehicles, robots, devices, and more, enabling users to exercise management and profit rights over these connected machines. This shift returns control to users in the era of artificial intelligence, harnessing the benefits of Web3 technology for human-machine collaboration.

On Peaq Network, users can create unique autonomous, multi-chain IDs for secure interactions among their vehicles, robots, and devices. Additionally, the network provides efficient access management and role-based controls to ensure secure and authorized operations. Users can also enable seamless, secure, and autonomous transactions on their DePINs.

Currently, Peaq Network has secured real-world assets valued at over $25 million and hosts more than 20 DePIN projects. Peaq Network is a promising contender in the DePIN space worth watching.

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