Introduction
peaq Network represents a novel approach to blockchain technology, integrating blockchain with physical infrastructure. As a multi-chain Layer-1 blockchain, it’s designed to streamline Decentralized Physical Infrastructure Networks (DePIN).
Innovation
peaq’s innovation lies in its unique use of Machine NFTs and the Multi-Chain Machine ID concept. These elements enable unique digital representations and cross-platform navigation, revolutionizing how machines interact and transact.
peaq Network Architecture
Built on Substrate, peaq supports both EVM and ink! Smart Contracts, offering flexibility for developers. Its architecture is geared towards seamless integration with various platforms, including Polkadot, Cosmos, and Ethereum.
Code Quality
Peaq’s codebase demonstrates robustness and adaptability, essential for its complex functionalities. Integrating multiple coding languages and standards, like Rust and EVM, underlines its technical proficiency.
Product Roadmap
With a mainnet launch scheduled for Q1 2024, peaq is on a trajectory towards establishing itself in the Economy of Things. The roadmap shows a clear path towards enhancing machine interaction and blockchain utility.
Usability
The network simplifies the development process with backend functionalities like peaqIDs and role-based access control. Its SDK in JavaScript and Substrate interface library enhance user experience, making it accessible to a broader developer community.
Team
Led by Till Wendler, the team comprises approximately four active developers with intermediate expertise. This core team is supported by strategic partnerships with entities like Audi and Bosch, enhancing its industrial relevance.
Conclusion
peaq Network is poised to be a transformative force in blockchain technology, particularly for real-world applications. Its focus on machine interaction, solid technical foundation, and strategic partnerships position it for significant impact in the emerging Economy of Things. However, the success of peaq will largely depend on the timely execution of its roadmap and the continued development of its technical and human resources.
| Initial Screening | |||
| Keep researching | |||
| Does this project need to use blockchain technology? | Yes | ||
| Can this project be realized? | Yes | ||
| Is there a viable use case for this project? | Yes | ||
| Is the project protected from commonly known attacks? | Yes | ||
| Are there no careless errors in the whitepaper? | Yes | ||
| Project Technology Score | |||
| Description | Scorecard | ||
| Innovation (Out Of 11) | 11 | ||
| How have similar projects performed? | Good | 2 | |
| Are there too many innovations? | Regular | 2 | |
| Percentage of crypto users that will use the project? | Over 11% | 5 | |
| Is the project unique? | Yes | 2 | |
| Architecture (Out of 12) | 11 | ||
| Overall feeling after reading whitepaper? | Good | 2 | |
| Resistance to possible attacks? | Good | 2 | |
| Complexity of the architecture? | Not too complex | 2 | |
| Time taken to understand the architecture? | 20 – 50 min | 1 | |
| Overall feeling about the architecture after deeper research? | Good | 4 | |
| Has the project been hacked ? | No | 0 | |
| Code Quality (out of 15) | 13 | ||
| Is the project open source? | Yes | 2 | |
| Does the project use good code like C,C++, Rust, Erlang, Ruby, etc? | Yes | 2 | |
| Could the project use better programming languages? | No | 0 | |
| Github number of lines? | More than 10K | 1 | |
| Github commits per month? | More than 10 | 2 | |
| What is the quality of the code? | Good | 2 | |
| How well is the code commented? | Good | 1 | |
| Overall quality of the test coverage? | Outstanding | 2 | |
| Overall quality of the maintainability index? | Good | 1 | |
| When Mainnet (out of 5) | 5 | ||
| When does the mainnet come out? | 6 months after TGE | 5 | |
| Usability for Infrastructure Projects (out of 5) | 5 | ||
| Is it easy to use for the end customer? | Yes | 5 | |
| Team (out of 7) | 4 | ||
| Number of active developers? | 3+ | 1 | |
| Developers average Git Background? | Intermediate | 1 | |
| Developers coding style? | Solid | 2 | |
| Total Score (out of 55) | 49 | ||
| Percentage Score | |||
| Innovation | 20.00% | ||
| Architecture | 20.00% | ||
| Code Quality | 23.64% | ||
| Mainnet | 9.09% | ||
| Usability | 9.09% | ||
| Team | 7.27% | ||
| Total | 89.09% |
