What Is peaq-2?

1. What Is peaq-2?

peaq-2 is a next-generation blockchain infrastructure designed to power the Economy of Things (EoT). Built to support decentralized physical infrastructure networks (DePINs), peaq-2 enables devices, machines, vehicles, and robots to operate autonomously, earn crypto, and provide services in a peer-to-peer manner. Leveraging Web3 technologies, peaq-2 provides a secure and scalable Layer-1 platform optimized for real-world, machine-centric applications. Its modular design and interoperability with Polkadot’s ecosystem make it a powerful foundation for decentralized machine economies.

2. Why peaq-2 Was Created

Traditional machine-to-machine (M2M) systems rely heavily on centralized servers and third-party intermediaries, which create bottlenecks, increase operating costs, and limit trust and transparency. As the world moves toward greater automation and IoT integration, there’s a growing need for decentralized infrastructure where machines can interact, transact, and coordinate without human intervention or central oversight.

peaq-2 was created to solve this challenge by offering a Web3-native platform that supports autonomous machine ownership, value exchange, and governance. It aims to overcome limitations in scalability, security, and interoperability faced by existing centralized solutions.

3. How peaq-2 Works

1. Machine Identity Creation – Devices register on peaq-2 with unique decentralized identifiers (DIDs), giving them secure digital identities.
2. Decentralized Apps (dApps) for Machines – Developers build DePIN and machine-centric applications that let devices offer real-world services.
3. Tokenized Machine Economy – Machines autonomously earn crypto by completing tasks or delivering services, with all transactions recorded on-chain.
4. Governance Participation – Machines and stakeholders can vote on proposals and protocol updates through a decentralized governance framework.
5. Cross-Network Interoperability – Built on Polkadot’s parachain architecture, peaq-2 seamlessly interacts with other blockchains.
6. Plug & Play Modules – Pre-built tools like reputation scoring, rewards, and access control simplify launching DePIN projects.

4. Key Features of peaq-2

• Decentralized Machine IDs for verifiable device identity
• Machine-generated revenue via autonomous crypto transactions
• Open DePIN framework to support diverse physical infrastructure use cases
• Parachain integration with Polkadot for cross-chain compatibility
• Modular, developer-friendly architecture for rapid dApp deployment
• Energy-efficient Nominated Proof-of-Stake (NPoS) consensus

5. Who Can Use peaq-2?

• DePIN founders and builders creating decentralized real-world networks
• IoT and robotics companies integrating Web3 into smart devices
• Web3 developers building machine-interfacing dApps
• Enterprises adopting decentralized automation infrastructure
• Crypto users and token holders participating in governance and staking

6. What Is the $PEAQ Token?

$PEAQ is the native utility token of the peaq-2 ecosystem. It serves several vital roles across the network’s decentralized infrastructure:

• Transaction Fees – Used to pay for on-chain operations, smart contract executions, and machine interactions.
• Staking – Powers the NPoS consensus mechanism, securing the network through validator and nominator participation.
• Governance – Token holders vote on protocol upgrades, ecosystem proposals, and funding decisions.
• Access & Usage – Required for launching and using DePIN dApps and accessing ecosystem modules.
• Rewards & Incentives – Distributed to machines, validators, and users for valuable ecosystem contributions.