Buy peaq
What is peaq?
peaq is a Layer 1 blockchain optimized for Decentralized Physical Infrastructure Networks (DePINs) and Machine Real World Assets (RWAs). Its design focuses on empowering a global network of decentralized physical infrastructure and machine-driven services to foster a decentralized positive-sum economy.
How does peaq work?
peaq operates using a hybrid consensus mechanism combining Delegated Proof of Stake (DPoS) and Nominated Proof of Stake (NPoS) via the Polkadot Relay Chain. It supports both EVM (Ethereum Virtual Machine) and WASM (WebAssembly) based smart contracts for enhanced interoperability. Key components include collators and delegators, which help maintain network security and efficiency. Peaq also utilizes technologies like Decentralized Identifiers (DIDs), multi-sig wallets, and oracle-based data verification.
What are the potential use cases for peaq?
peaq supports a variety of applications across industries such as autonomous vehicles, IoT and machine-to-machine interactions, logistics, energy management, and broadband networks. It has partnerships with companies like Airwaive to support infrastructure development in connectivity, and integrations with blockchains like Ethereum and Polkadot for enhanced cross-chain functionalities.
What is the history of peaq?
Founded in 2017 by Max Thake and Leonard Dorlöchter, peaq originated as a project of EoT Labs. It initially considered Layer 2 solutions on Ethereum before evolving into its own Layer 1 blockchain. Supported by Advanced Blockchain AG, peaq has grown to include over 50 DePIN projects and more than 2 million devices on its network. Its technology emphasizes scalability, interoperability, and environmental sustainability, with the platform currently live and PEAQ listed on major exchanges.
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Frequently Asked Questions (FAQs)
What is the current price of peaq (PEAQ)?
The peaq price is $0.79726042 AUD, representing a -1.08% from the day prior.
Where is the best place to buy peaq (PEAQ) in Australia?
The best place to buy peaq (PEAQ) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell peaq (PEAQ) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of peaq (PEAQ)?
The trading volume of peaq (PEAQ) is $63.9M AUD in the last 24hrs, representing a -1.08% from the day prior.
How can I buy peaq (PEAQ)?
peaq (PEAQ) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of peaq (PEAQ)?
The current market cap of peaq (PEAQ) is $519.6M AUD.
Can I convert peaq (PEAQ) to cash?
Yes - With Coinstash you can convert your peaq (PEAQ) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many peaq (PEAQ) are there?
The current circulating supply of peaq (PEAQ) is 649.5M.
Is Coinstash a safe place to buy peaq (PEAQ) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling peaq (PEAQ) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.