It is no secret that the blockchain industry has struggled to live up to its hype so far. That's both entirely normal for an emerging technology and entirely frustrating for those who don't understand that.
While the world raved about the technology's potential, we focused on the groundwork. We spoke with large corporates from the industries best positioned to leverage the technology. We listened. We understood their expectations and requirements. We took the feedback onboard and sculpted a product to fit those needs. In short ...
... we’ve done things differently.
The DAGchain combines the best elements of blockchain technology with the best elements of DAG technology to create a next generation blockchain architecture, the most advanced blockchain yet.
The DAGchain overcomes industry-wide technological limitations to finally provide the world with a technology suited to business needs. A technology that can finally make the promise and potential of the blockchain space a reality. Doing this required designing and developing an entirely new architecture and consensus algorithm and completely re-thinking tokenomics.
The details behind the peaq DAGchain will be made public upon release of the white paper over the next months. In the meantime, here are a few things we can share with you. You can expect:
- Multipurpose Architecture
Two years in the making, our DAG-blockchain hybrid architecture will underpin both our decentralised public network as well as the enterprise products anchored to it.
- ADDBFT Consensus Algorithm
Our AI powered, decentralised algorithm follows best practices of Byzantine Fault Tolerance by Tendermint, Optimisation Methods and elements of Proof-of-Stake.
- 20,000 Transactions per Second
Efficiency, speed and scalability are essential for companies to properly leverage the power of the technology. peaq was designed with this in mind.
- 0.5s Transaction Confirmation Times
Better than needed for business applications and use-cases.
- Flexible Smart Contract Programmability
Smart contracts can be programmed in all languages supporting protocol buffers, lowering the barrier to entry.
- Quantum Secure
Built using Post Quantum Cryptography (PQC). Built to last.
Built by blockchain natives who have been in the space for a decade, tweaked together with and according to the needs of the world's largest companies.
- GDPR Compliant
Fully GDPR compliant technology. Whatever we build, we build with the future in mind.
The peaq DAGchain was developed by Advanced Blockchain AG and is the company's core product. Advanced Blockchain AG also build blockchain applications, making us one of the only end-to-end blockchain companies globally. The peaq white paper will be released over the coming months.
Advanced Blockchain AG is a German publicly listed Blockchain-as-a-Service company based in Berlin. We are the first blockchain company to be listed on the Xetra (Frankfurt) stock exchange.
More info: www.advancedblockchain.com