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Trending News:Ethereum Faces Challenges as ETF Inflows GrowPutin’s Support Boosts Bitcoin’s Unstoppable GrowthCoinbase Launches Dogwifhat Trading in New YorkCYBRO’s Amazing Rise: From $0.045 to $20Crypto Trader’s Bold XRP Prediction: Staying Above $1Indonesia’s Crypto Boom: 350% Surge Explained6 Promising Cryptos for 2025: Beyond BitcoinBitcoin’s Active Addresses Near 1 Million3 Crypto Tokens Changing the MarketInvestors Rethink Crypto After Sui StrugglesSuiHub’s $200K Boost: Big Help for StartupsCZ Warns of Mac and iPhone Exploits UncoveredBONK Price Soars After Upbit ListingTON & SUI Soar: Whales Watch LunexSHIB, DOGE, and PEPE Meet Their Match Enter DOGENRestoring Trust in US Elections with BlockchainTurn Missed DOGE and SHIB into Opportunities Top 5 Tokens to WatchCrypto Heist Mastermind Gets 5-Year SentenceBitcoin’s Open Interest Hits Record High: What’s Next?Exciting Crypto Updates: XRP, TON, & Yeti Ouro’s MovesXYZVerse Presale Hits $500K: XRP & Solana’s RiseAlameda’s Big Move: Lawsuit Shakes Crypto WorldWeb3 Loyalty Programs: Challenges and OpportunitiesRollblock’s Rising Star Surpasses Dogecoin and Shiba InuFrench Bettor’s $79M Bet Sparks ControversyTrump’s Promises Shaping Bitcoin’s $250k FutureBitcoin’s Surge to $80K During US Election BuzzMeme Coins Surge Ahead of US Election | Crypto NewsKraken Secures $42.5M; Glow Labs Raises $30MUBS Introduces First Tokenized Investment Fund on EthereumDeFi TVL Surpasses $90B for the First Time in 3 MonthsCoinDCX Launches Decentralized Custody After WazirX HackWhat Happens to Meme Coins if Trump Wins 2024?Bitcoin Whales Nervous Before US ElectionStripe Acquires Bridge for $1.1B Bluesky Raises $15MPutin’s Plan to ‘Destroy the US Dollar’ and Digital Assets’ RoleRipple Bold Move: Why They Are Supporting Kamala HarrisRecord $79.1M Outflows from Bitcoin ETFsWill Congress Control Crypto and Election Bets?Is Bitcoin Heating Up for a $100K Surge?What Will It Take to Accomplish Real Blockchain Interoperability?How Will Crypto Impact the Senate? Warren vs. DeatonBinance Labs Invests in Bitcoin Liquid Staking Project LombardBitcoin Crosses $67K to Hit 2-Month HighBitcoin ‘Uptober’ in Play Ahead of US ElectionCan Regulation Fix Trust Issues in Crypto?Organizations Accept Cryptocurrency Donations to Help Those Impacted By Hurricanes Helene and MiltonBitcoin Gets a Boost as Mt. Gox Postpones RepaymentsWall Street Is on a Bull Run—It’s Nothing Compared to BitcoinTradFi vs. DeFi: Two Worlds Converging—Insights from Zignaly Co-FounderAxelar Launches Mobius for Cross-Chain InteroperabilityTether’s Role in Inflation: Key Documentary InsightsBitcoin ETF Outflows Surpass $300M, Analysts Warn of Key Price LevelsBitcoin Hits $62K as FTX, Beam, and Shiba Inu SurgeBinance CZ Released, Bitcoin 70k October PredictionDigital Asset Inflows Surge for the Third Week, Totalling $1.2 BillionShould You Buy iShares Bitcoin Trust ETF While It’s Under $40?12 Most Popular Types of Cryptocurrency in 2024The Next Evolution in Bitcoin’s Marketing StrategyBinance CEO Richard Teng discusses CZ’s upcoming release21.co integrates Chainlink’s proof reserve on Solana and EthereumBitcoin jumps while Japan holiday dulls most currenciesNFT-powered MapleStory N Expansion to Launch ‘by Year’s End’Blockdaemon, Backed by Goldman Sachs, Targets 2026 IPOFed Rate Cut May Boost Bitcoin and CryptoGrow Your Crypto Portfolio: A Guide to Binance’s Recurring BuyBitcoin Left Global Monetary Easing Stocks, Bonds, and Gold PartyEth Founder Buterin Addresses Concerns Over Latest 190 ETH SaleImpact of Cryptocurrency on the EconomyWhich Generation Is Most Likely to Invest in Crypto?Ether.fi Unveils Crypto-Native Credit Card on L2 Scroll NetworkHow Profitable are cryptocurrencies?Crypto Policy Needs to Empower Builders, Not SpeculatorsHow Might Donald Trump’s Crypto Token Fit Into Regulations?What is the Connecetion of Coinranking with cryptocurrency?Tron Price Prediction 2024–2030: Will Tron reach $10?Who is Satoshi Nakamoto of Bitcoin?Peaq by Polkadot, to launch its layer-1 blockchain this monthWhat is Gemini in Crypto?How does Binance function in crypto?Bitcoin Whale Wallets Reach 17Month Increased High Amid HoldingTradFi lender DBS launches DBS launch EVM-compatible blockchainBest Crypto Exchanges and Apps for NewbiesBeating Crypto Fraud: Singapore crypto drainer scamsS’pore investors lose $1.1m to crypto firm scam by Chinese tycoonWhat is crypto and how does it work ?Is iShares Bitcoin Trust a Millionaire Maker?Stock Market Today
Secured by Polkadot, Peaq is set to launch its layer-1 blockchain later this month
Peaq, a blockchain platform focused on decentralized infrastructure networks (DePIN), plans to launch its layer-1 blockchain between September 22 and 30, as announced on its official X account. Backed by Polkadot, Peaq aims to power its native token, bringing over 1,000,000 devices across 45+ dapps on-chain with this launch.
Peaq connects with prominent blockchain networks such as Ethereum, Cosmos, Binance BNB, and Solana, in addition to Polkadot. The platform currently manages a network of over 850,000 machines, vehicles, and devices, overseeing more than $25 million in tokenized assets while supporting over 30 projects.
Peaq introduced KREST, the native token of its test network on Kusama, to simulate operations before the full rollout. KREST holders can qualify for a PEAQ airdrop once the mainnet launches. The blockchain’s economic model follows a disinflationary pattern, beginning with a 3.5% inflation rate that decreases annually until it stabilizes at 1%.
Peaq Utilization
Entrepreneurs Till, Leo, and Max founded Peaq with the goal of integrating blockchain technology with the Internet of Things (IoT). After working with companies like Audi, NTT, and Gucci, they developed Peaq as a dedicated layer-1 blockchain to support unique decentralized applications. Peaq was established in 2021 to enable DePIN applications. Earlier this year, the company raised $15 million from investors including Animoca Brands and Borderless Capital, followed by an additional $20 million through a CoinList launch in May.
Peaq utilizes a dual consensus mechanism that includes Delegated Proof of Stake (DPoS) for block production and Nominated Proof of Stake (NPoS) for verification. Collators handle block production and maintain the network’s state, while delegators stake tokens to ensure the reliability of collators.
The platform offers specialized modular functions designed for DePIN applications, including self-sovereign machine identities, machine access control, payment features, and data verification. As Peaq prepares for its mainnet launch, it has unveiled a detailed roadmap. The pre-launch version of the network is already live, with several technical upgrades in the works, such as integration with the multi-signature wallet MetaMask and the release of the Ledger Peaq app for token storage.
Key updates include launching a decentralized exchange (DEX), a staking dashboard for Peaq nodes, an improved user interface for campaigns, and integrations with Galxe, Particle Network, and Fireblocks for secure custody. Additionally, a Tier-1 bridge will be integrated to support cross-chain transactions, and stablecoins will be enabled on the platform. Partnerships with exchanges will also facilitate Peaq token and native DePIN trading.