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

Phala Network

Privacy
Data

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
Auction 13: WINNER
Slot #14: leasing March 31, 2022 to January 15, 2024
Project Auction Info:  auction details 
Reward: 1 DOT : 24+ PHA
Reward Pool: 100m of 1b (10%)
  • 15% will unlock immediately
  • 85% will be linearly vesting for 96 weeks
  • contributors from previous Khala and Phala crowdloans will have a 10% extra reward
Screenshots (1)
Developer Activity
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Primary Token:
Price:
$0.133
Total Supply:
1 000 000 000
Circulating Supply:
233 019 538
Market Cap:
$30 941 963
Trading Vol 24:
$7 171 535
Crowdloan Reward Pool:
100 000 000 (10% of Total Supply)
PHA Distribution
News
Mar 30, 2022 at 07:49 UTC
Feb 10, 2022 at 13:12 UTC
Jan 30, 2022 at 06:43 UTC
Dec 9, 2021 at 09:17 UTC
Oct 29, 2021 at 08:00 UTC