Phala Network is a privacy-preserving cloud computing service, which offers computing power comparable to existing cloud services and protects the privacy of managed programs. Based on TEE-Blockchain Hybrid Architecture, developers can deploy confidential smart contracts running inside the TEE Enclaves in the CPU.

Phala is also based on Substrate, and will run as a parachain of Polkadot ecosystem.

There is a maximum supply of 10 billion PHA, and as of February 26, 14.7% of it in circulation.

• Hang Yin: Founder and Lead Developer of Bitcoin Gold. Senior Developer of Google. 10 years of coding experience.【Linkedn】【Github】

• Marvin Tong: Senior Product Manager with 3 years experience. Worked in Tencent and Didi which are both the biggest Internet companies in China. Good at Product Design and Business Development. 【Linkedn】

• Zhe Wang: Hardware Engineer. A core member of Bitcoin Gold in China. 【Linkedn】

• Jun Jiang: CTO of KnewOne and Senior Software Architect in Dji. The lead of the RubyChina community. 【Github】

• Shunfan Zhou: Blockchain Security Research Scientist. Ph.D. candidate in Fudan University. 【Github】

As one of the most potential Polkadot ecosystem projects in terms of privacy, PHA is available on some top-ranked exchanges including Binance, Huobi Global, Okex, Kucoin, Uniswap and 1inch. For the full list, check out here.

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.

The all-time high of PHA was 1.41 USD on 2021-05-15, from which the coin is now down 88.76433324496453%. The all-time high price of Phala Network (PHA) is 1.41. The current price of PHA is down 88.76433324496453% from its all-time high.

As of , there is currently 781.30M PHA in circulation. PHA has a maximum supply of 0.

The current market cap of PHA is 123.78M. It is calculated by multiplying the current supply of PHA by its real-time market price of 0.158422901246.

The all-time low of PHA was 0.07072015 , from which the coin is now up 124.01380829367588%. The all-time low price of Phala Network (PHA) is 0.07072015. The current price of PHA is up 124.01380829367588% from its all-time low.

Phala Network (PHA) has a market capitalization of $123.78M and is ranked #398 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Phala Network (PHA) price trends and patterns to find the best time to purchase PHA.