Polkadot & Kusama ecosystem projects directory
Polkadot & Kusama ecosystem projects directory

Phala Network

Privacy
Data
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Phala Network tackles the issue of trust in the computation cloud.

This blockchain is a trustless computation platform that enables massive cloud processing without sacrificing data confidentiality. Built around TEE-based privacy technology already embedded into modern processors, Phala Network’s distributed computing cloud is versatile and confidential. By separating the consensus mechanism from computation, Phala ensures processing power is highly scalable. Together, this creates the infrastructure for a powerful, secure, and scalable trustless computing cloud.

As a member parachain of the Polkadot cross-chain ecosystem, Phala will be able to provide computing power to other blockchain applications while protecting the data layer, enabling possibilities like privacy-protected DeFi trading positions and transaction history, co-computing DID confidential data, developing light-node cross-chain bridges, and more.

On-chain services currently being developed on Phala Network include Web3 Analytics: high-performance smart contracts from Phala enable highly concurrent mass data analytics with privacy, paving the way for an alternative to Google Analytics that inherently respects individual confidentiality.

Relative Project:   Khala Network  Khala Network
Tokens:  PHA  
Status
Announced
Testing
In Auction On Polkadot
Auction
polkadot
Polkadot
Developer Activity
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Primary Token:
Price:
$0.755
Total Supply:
1 000 000 000
Circulating Supply:
181 834 380
Market Cap:
$137 261 306
Trading Vol 24:
$12 611 779
Crowdloan Reward Pool:
63 000 000 (6.3% of Total Supply)
News
Aug 23, 2021 at 01:01 UTC
Jul 14, 2021 at 02:28 UTC
Jun 11, 2021 at 14:25 UTC
Jun 4, 2021 at 09:58 UTC
Apr 30, 2021 at 13:01 UTC