Peaq (PEAQ)

Use Cases of Peaq

• Powering the Machine Economy: Peaq is a layer-1 blockchain designed to support real-world Web3 applications, especially decentralized physical infrastructure networks (DePINs) involving millions of connected devices like vehicles, robots, and machines.

• DePIN Ecosystem: It enables building DePINs across various industries such as energy, mobility, connectivity, agriculture, cybersecurity, and cloud gaming by providing modular functions to tokenize and manage devices.

• Supporting Real-World Applications: Projects on Peaq include noise pollution monitoring (Silencio), social media data crowdsourcing (Teneo), navigation and traffic updates (MapMetrics), agricultural produce control (Farmsent), cybersecurity bandwidth sharing (DATS), food delivery ecosystems (Bistroo), cloud gaming (YOM), universal computing (aZen Protocol), and decentralized storage (DeNet).

• Scalability and Interoperability: Peaq offers high scalability and Web3 interoperability, making it suitable for fast-growing networks and international scaling of decentralized applications.

For more details, visit peaq.network.

Pros

• Super Decentralized: peaq has a Nakamoto Coefficient of 130+, the highest among major Layer-0 and Layer-1 blockchains, meaning strong decentralization.
• Super Scalable: Designed to scale past 100,000 transactions per second using Elastic Scaling and Agile Core Time.
• Super Green: Built with an environmentally-friendly blockchain architecture.
• Modular DePIN Functions: Offers ready-to-use modular functions to power and tokenize vehicles, robots, and devices on any decentralized physical infrastructure network (DePIN).
• Strong Ecosystem: Supports over 50 DePIN projects across 22 industries, with millions of devices and users involved.
• Real-World Use Cases: Powers applications in energy, mobility, connectivity, cybersecurity, food delivery, gaming, and more.

Cons

• New and Specialized: Focused mainly on DePIN and the Machine Economy, which may limit appeal to general crypto users.
• Ecosystem Still Growing: While rapidly expanding, some projects and use cases are still in early stages or scaling phases.
• Niche Market: Primarily targets decentralized physical infrastructure, which might not suit all blockchain users or developers.

Founders of Peaq

The website does not explicitly list the founders of Peaq. For detailed information about the team behind Peaq, you may want to explore their official channels or contact them directly through their website: https://www.peaq.network/.

Investors in Peaq

Peaq is supported by a range of investors, including venture capital firms and strategic partners focused on blockchain and Web3 technologies. Specific names of investors are not listed directly on the official website. For detailed and up-to-date information about Peaq's investors, visiting their official site or contacting their team through their community channels is recommended.

Website: https://www.peaq.network/

Halal Status of Peaq

• Yes: Peaq is a blockchain platform focused on powering real-world decentralized applications and machine economies. It operates as a utility token within its ecosystem, enabling governance, transactions, and services without involving interest (riba) or gambling elements, which are typically concerns in halal assessments.
• Reason: Since Peaq functions primarily as a utility token for decentralized infrastructure and machine economy applications, it aligns more with permissible activities in Islamic finance principles.

For more detailed guidance, consulting a qualified Islamic finance scholar is recommended.

Website: https://www.peaq.network/