Phala Network is a privacy-preserving cloud computing service that offers computing power comparable to existing cloud services and protects the privacy of managed programs. It is based on TEE-Blockchain Hybrid Architecture, allowing developers to 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 the Polkadot ecosystem.

• Purchasing trusted computing resources in the network and data exchanges (e.g., trusted computing power, on-chain computing and storage resources, and off-chain storage) using PHA tokens.
• Providing a contract-based data exchange infrastructure for standardized data collection, analysis, and trading protocols. Phala's protocol enables the creation of a confidential but trusted exchange ecosystem for both buyers and sellers.
• Staking a certain amount of PHA tokens as a security guarantee. Gatekeepers must stake PHA tokens, which may be slashed for misbehavior.
• Participating in community governance by joining the Phala DAO. Stakeholders who own a certain amount of PHA tokens can participate in community decision-making.

• Bridges between blockchains and Polkadot, such as pDiem, pBTC, pETH, pBTG
• W3A (Web3 Analytics)
• Dark Wallet and Darkpool

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

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

• Marvin Tong: Senior Product Manager with 3 years of experience. Worked at Tencent and Didi, the biggest Internet companies in China. Skilled in Product Design and Business Development. [Linkedn]

• Zhe Wang: Hardware Engineer. Core member of Bitcoin Gold in China. [Linkedn]

• Jun Jiang: CTO of KnewOne and Senior Software Architect at Dji. Lead of the RubyChina community. [Github]

• Shunfan Zhou: Blockchain Security Research Scientist. Ph.D. candidate at Fudan University. [Github]

PHA, being one of the most potential projects in the Polkadot ecosystem in terms of privacy, is available on several top-ranked exchanges including Binance, Huobi Global, Okex, BYDFi, Uniswap, and 1inch. For the full list, check out the official Phala Network website.

Phala Network addresses the issue of trust in the computation cloud.

• It is a trustless computation platform that enables massive cloud processing without compromising data confidentiality. By leveraging TEE-based privacy technology embedded into modern processors, Phala Network's distributed computing cloud is both versatile and confidential. The separation of the consensus mechanism from computation ensures highly scalable processing power. This creates the infrastructure for a powerful, secure, and scalable trustless computing cloud.
• As a parachain of the Polkadot cross-chain ecosystem, Phala can provide computing power to other blockchain applications while protecting the data layer. This enables 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. The high-performance smart contracts from Phala enable highly concurrent mass data analytics with privacy, offering an alternative to Google Analytics that inherently respects individual confidentiality.

Phala: Transparent and Private Global Computation Cloud.

Should We Kick Hardware out of Blockchain?

Phala Network is a privacy-preserving cloud computing service, offering computing power comparable to existing cloud services while protecting the privacy of managed programs. It is based on TEE-Blockchain Hybrid Architecture, allowing developers to 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 the Polkadot ecosystem.

There is a maximum supply of 10 billion PHA coins, with approximately 14.7% currently in circulation as of February 26.

• 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 of experience. Worked at Tencent and Didi, the biggest Internet companies in China. Skilled in Product Design and Business Development. [Linkedn]

• Zhe Wang: Hardware Engineer. Core member of Bitcoin Gold in China. [Linkedn]

• Jun Jiang: CTO of KnewOne and Senior Software Architect in Dji. Lead of the RubyChina community. [Github]

• Shunfan Zhou: Blockchain Security Research Scientist. Ph.D. candidate at Fudan University. [Github]

PHA is available on several top-ranked exchanges, including Binance, Huobi Global, Okex, BYDFi, Uniswap, and 1inch. For the full list, please check here.

Phala Network addresses the issue of trust in the computation cloud. It is a trustless computation platform that enables massive cloud processing without sacrificing data confidentiality. The blockchain is built around TEE-based privacy technology embedded into modern processors, providing a versatile and confidential distributed computing cloud. By separating the consensus mechanism from computation, Phala ensures highly scalable processing power. As a member parachain of the Polkadot cross-chain ecosystem, Phala can provide computing power to other blockchain applications while protecting the data layer. This enables possibilities such as privacy-protected DeFi trading positions and transaction history, co-computing DID confidential data, developing light-node cross-chain bridges, and more. On-chain services being developed on Phala Network include Web3 Analytics, where high-performance smart contracts enable highly concurrent mass data analytics with privacy, offering an alternative to Google Analytics that respects individual confidentiality.