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peaq is a layer-1 blockchain powering the Machine Economy. It is designed to power Decentralized Physical Infrastructure Networks (DePINs) and the billions of devices, robots and vehicles (RWAs) that run on them. At the time of launch, peaq is home to over 50 DePINs in 20+ industries.

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Irys is a Layer 1 datachain that unifies onchain data storage and smart contract execution into a single network. Traditional smart contract chains handle financial transactions but lack native primitives for working with data at scale. Traditional datachains handle storage but lack integration with smart contracts. Irys serves both. Irys bridges this gap by unifying storage and execution, making data programmable through IrysVM, its native EVM execution layer.

The network offers flexible storage options: users can choose between term storage (temporary, duration-based) or permanent storage (one-time payment for perpetual retention). Both operate at at-cost pricing, made possible by Irys's multi-revenue model that combines storage fees, execution fees, and programmable data transactions. This design allows Irys to remain competitive on price while maintaining economic sustainability.

Irys achieves instant data retrieval and infinite horizontal scaling. As demand grows, the network expands capacity by adding validators who prove continuous maintenance of their assigned data partitions.

Irys

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The Espresso Network is a base layer purpose-built to provide rollups and app-specific chains with fast finality and secure crosschain composability. It operates as a decentralized consensus protocol (Layer 1) able to confirm rollup blocks in a few seconds, providing order consistency and data availability, but without executing transactions itself.

The infrastructure is designed to address the fragmentation across blockchain platforms by providing real-time communication between chains, enabling unified liquidity and seamless interoperability for payments and other crosschain activities.

Espresso’s tech is based on an original R&D effort to create the fastest possible decentralized protocol for transaction confirmations, including development of a new open source consensus protocol, HotShot (a proof-of-stake variant of HotStuff), and a technique called verifiable information dispersal (VID) for scalable data availability. Espresso currently supports 5+ MB/s throughput with transaction finality in seconds (with upgrades planned targeting 25 MB/s throughput and subsecond finality in 2026).

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