Secured by Polkadot, Peaq is about to launch its layer-1 blockchain later this month

Peaq, a blockchain platform targeted on decentralized infrastructure networks (DePIN), is about to launch its layer-1 blockchain between September 22 and September 30, in accordance with an announcement on its official X account.

Secured by , peaq is geared to energy its native token, bringing over 1,000,000 units throughout 45+ dapps on-chain with its launch.

Along with Polkadot, peaq integrates with a number of main blockchain networks, together with , Cosmos, Binance BNB, and . The platform at the moment consists of over 850,000 machines, autos, and units, managing over $25 million in tokenized property and supporting over 30 initiatives.

The platform has additionally launched KREST, the native token of its take a look at community on Kusama, to simulate operations earlier than the complete rollout. KREST holders can be eligible for a PEAQ airdrop upon its launch.

The blockchain’s financial mannequin is disinflationary, with an preliminary inflation fee set at 3.5%, which can lower yearly till it stabilizes at 1%. 

Based by entrepreneurs Until, Leo, and Max, peaq plans to combine blockchain know-how with the Web of Issues (IoT). After collaborating with firms equivalent to Audi, NTT, and Gucci, the founders developed peaq as a devoted layer-1 blockchain to help distinctive decentralized functions.

By 2021, peaq was established to help DePIN functions. Earlier this yr, it raised $15 million from buyers, together with Animoca Manufacturers and Borderless Capital, and an extra $20 million from a CoinList launch in Might.

peaq employs a twin consensus mechanism that features Delegated Proof of Stake (DPoS) for block manufacturing and Nominated Proof of Stake (NPoS) for verification. Block manufacturing is dealt with by collators, who create blocks and preserve the community’s state, whereas delegators stake tokens to make sure collators’ reliability.

The platform additionally options distinctive modular features tailor-made for DePIN functions, together with self-sovereign machine identities, machine entry management, cost options, and information verification.

Earlier this yr, peaq launched an in depth roadmap because it prepares for its mainnet launch. The community’s pre-launch model is stay, however a number of technical enhancements are deliberate, together with integration with multi-signature pockets MetaMask and the discharge of the Ledger peaq app for token storage.

Key updates additionally embrace launching a decentralized alternate (DEX), a staking dashboard for peaq nodes, improved person interface for campaigns, and integrations with Galxe, Particle Community, and Fireblocks for safe custody. 

Moreover, a Tier-1 bridge can be built-in to help cross-chain transactions, whereas stablecoins can be enabled on the platform. Partnerships with exchanges are set to facilitate peaq token and native DePIN buying and selling.