About Phala Network
Trading Insights
Searched
8
Market Stats
Market Cap
ARS 73.51B
3.17%
FDV
ARS 89.92B
Circ. Supply
817M PHA
Max Supply
1B PHA
Total Supply
1B PHA
Diluted Valuation
ARS 90.06B
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
ARS 26.22B
-40.57%
Volume (7D)
ARS 196.73B
Volume (30D)
ARS 959.44B
All time high
ARS 1.98K
Price Change (1Y)
-44.77%
Additional details
Market details
PHA vs markets
↘ 60.12%
PHA vs BTC
↘ 57.54%
PHA vs ETH
↘ 50.9%
Tags
ai-big-data
distributed-computing
privacy
zero-knowledge-proofs
+18
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x6c5bA91642F10282b576d91922Ae6448C9d52f4E |
Price history
Time | Price | Change |
|---|---|---|
Today | ARS 89.71 | ↗ 2.57% |
1 Day | ARS 87.63 | ↗ 2.57% |
1 Week | ARS 86.49 | ↗ 6.14% |
1 Month | ARS 142.63 | ↘ 34.29% |
1 Year | ARS 130.32 | ↘ 44.77% |
FAQ
Phala Network is a service that aims to provide privacy-preserving cloud computing. It seeks to offer computing power on par with existing cloud services while ensuring the privacy of managed programs. The network operates on a TEE-Blockchain Hybrid Architecture, which allows developers to deploy confidential smart contracts that run inside the TEE Enclaves in the CPU. Phala Network is built on Substrate and aims to function as a parachain of the Polkadot ecosystem. The network's native utility token, PHA, is used for various functions within the network, such as acquiring trusted computing resources, compensating for data exchange, staking for security assurances, and participating in community governance.
Phala Network functions by addressing the trust issue in the computation cloud. It is a trustless computation platform that seeks to enable extensive cloud processing without compromising data confidentiality. The network is built around TEE-based privacy technology already embedded into modern processors, creating a versatile and confidential distributed computing cloud. By separating the consensus mechanism from computation, Phala Network aims to ensure that processing power is highly scalable. As a member parachain of the Polkadot cross-chain ecosystem, Phala Network aims to provide computing power to other blockchain applications while protecting the data layer.