PHA Price Today
The live Phala Network price today is $0.14874108 with a 24-hour trading volume of $6,097,055.84. Phala Network is -0.88% in the last 24 hours.The current MyToken ranking is #--,with a live market cap of $64,828,432.75. It has a circulating supply of 436,475,886 PHA and a max supply of 1,000,000,000 PHA.
What Is Phala Network?
Phala Network is the first composable smart contract protocol for privacy protection based on Substrate and Boca ecosystem (Substrate: Polkadot is a framework for constructing distributed systems), aiming to provide enterprises and users with privacy protection computing and data protection services. In the future as boca Parallel chain of privacy computing, Phala provides the underlying infrastructure for privacy protection technology for the entire Boca ecosystem by issuing computing power in the CPU with the Trusted Execution Environment (TEE) function.
Phala Network adopts TEE+ blockchain fusion architecture to realize confidential smart contract. The secret smart contract runs in Enclave, a special security zone within the CPU. The execution of the contract is completely isolated from the outside world, ensuring the confidentiality of data. Anyone with an Intel CPU can become a miner, responsible for verifying every operation of the blockchain.
Because it has no centralized executor or data controller, all computing operations on Phala are decentralized: Phala serves only as a bridge between the computing power contributed by miners and users with private computing needs, while blockchain ensures orderly and secure transactions. And will not divulge any specific calculation content related information.
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