PHA
Phala Network
PHA

Phala Network price

in USD
$0.11451
+$0.0041400 (+3.75%)
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Market cap
$92.26M #142
Circulating supply
806.08M / 1B
All-time high
$1.4560
24h volume
$16.14M
3.9 / 5
PHAPHA
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Buy Phala Network

About Phala Network

PHA, or Phala Network, is a cryptocurrency designed to power a privacy-focused blockchain ecosystem. Its core technology enables secure and confidential data processing, making it ideal for applications where privacy is critical, such as healthcare, finance, and identity management. Unlike traditional systems, Phala Network uses advanced cryptographic techniques to ensure sensitive information is protected while still allowing for efficient and transparent operations. PHA tokens are used within the network to access services, incentivize participants, and maintain the system's security. For new users, PHA represents an opportunity to explore the growing importance of privacy in blockchain technology, offering a practical solution to real-world challenges in data security and trust.
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Last audit: Jul 17, 2021, (UTC+8)

Phala Network’s price performance

Past year
+13.26%
$0.10
3 months
-17.44%
$0.14
30 days
+2.93%
$0.11
7 days
+14.28%
$0.10

Phala Network on socials

LANGERIUS
LANGERIUS
Low risk. Steady yield. No manual execution. AI agents on @Polkadot via Phala Network x Neuro pick and run best defi strategies for you. DeFAI = AI + DeFi without complexity. It’s not a concept anymore. It’s live.
Gallery 1
9.97K
97
XinGPT🐶
XinGPT🐶
Observations from the Silicon Valley Trip: Four Major Changes After a Year This trip to Silicon Valley made me clearly feel several major changes compared to last year: 1️⃣ AI remains the main theme, going global is a trend Silicon Valley is still the preferred place for global AI startups. Coming to the U.S. means a larger market, a more friendly financing environment, and a higher quality talent pool compared to domestic conditions. I encountered many AI entrepreneurs and investors from China who chose to start their businesses in the U.S. against the backdrop of U.S.-China tensions; it is both an opportunity and a challenge: the "outrageous" level of high prices and recruitment costs forces one to re-evaluate business models. 2️⃣ Web3 projects are generally + AI Startups in the crypto space are now almost all linked to AI, shifting from last year's focus on infrastructure to this year's emergence of AI + applications—covering payments, data, Agents, and more. Interestingly, Web3 AI companies in the Bay Area are starting to charge traditional B-end clients; for example, @marvin_tong's Phala has already achieved B-end revenue in the million-dollar range. I must say, the gene for B2B entrepreneurship in the U.S. is truly ingrained—YC's latest batch of projects are almost all vertical AI B2B companies. 3️⃣ Financing environment accelerates differentiation Being a senior executive at a major U.S. company or a professor from academia starting a business is still a "darling" for VCs and Web2/Web3 funds; Fresh Grads are also the top choice for incubators like HF0 and YC. On the other hand, many companies are stuck in financing bottlenecks—either their monetization does not meet expectations, or their sectors are too easily crushed by giants. For founders with an Asian background, without hard indicators like data and profits, it is still very difficult to gain the favor of U.S. capital. One can refer to @Zixi41620514's financing experiences. 4️⃣ The U.S. remains a paradise for tech gurus Despite the "zombies" scattered across the streets of San Francisco, billboards are almost entirely occupied by AI companies. The annual salary of an AI Researcher can easily reach several million dollars, and acquisition prices are astonishingly high, making many Asian entrepreneurs envious. If you have hardcore technology, the U.S. is still a place worth venturing into.
3.39K
12
R G
R G
ETH has broken 4k Pengu has just flipped GREEN again. look closely.
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32.94K
10
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Phala Network FAQ

Phala Network (PHA) is a secure cloud computing service that offers a platform for developing personal computing applications.

Phala Network utilizes confidential smart contracts through a Trusted Execution Environment (TEE). By employing this method, Phala Network ensures the preservation of data privacy and security while harnessing the advantages of blockchain technology.

While it’s challenging to predict the exact future price of PHA, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
Currently, one Phala Network is worth $0.11451. For answers and insight into Phala Network's price action, you're in the right place. Explore the latest Phala Network charts and trade responsibly with OKX.
Cryptocurrencies, such as Phala Network, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Phala Network have been created as well.
Check out our Phala Network price prediction page to forecast future prices and determine your price targets.

Dive deeper into Phala Network

Phala Network (PHA) is an advanced blockchain technology that enables private computing and secure software development. Built on the Substrate framework, this cloud service offers flexibility in addressing the increasing need for data privacy in today's information economy.

What is Phala Network?

Phala Network merges blockchain's decentralization and security features with the privacy offered by secure computing environments. This unique combination empowers developers to confidently build and utilize applications that handle sensitive data. With a mission to preserve the freedom and confidentiality of the Internet, Phala Network strives to become the leading infrastructure for blockchain privacy.

Phala Network team

The Phala Network is led by a team of highly skilled and experienced blockchain developers and enthusiasts. Co-founder and CEO Marvin Tong, who previously served as the technical head of the blockchain laboratory at Tencent, brings invaluable expertise to the project. 

Hang Yin, another co-founder, and the chief scientist, leverages his experience as the chief blockchain scientist at Ethereum Classic Labs. The team also benefits from the contributions of Shunfan Zhou, a former project lead at DOTWallet, who adds to their wealth of knowledge and experience. 

How does Phala Network work?

Phala Network operates through a confidential smart contract called "pallets." These pallets are executed within a secure environment called the Trusted Execution Environment (TEE), which resides in a protected area of the central processor. The TEE ensures data is processed securely and in isolation, safeguarding it against external exposure or leaks.

Phala Network collaborates with the Polkadot Network to enhance its security and scalability. The network architecture comprises two key components: the Phala Blockchain and the runtime. The Phala Blockchain handles consensus and on-chain governance, while the runtime operates within the TEE, executing confidential contracts and facilitating secure data processing.

Phala Network native token — PHA

The native token of Phala Network is called PHA. Within the Phala ecosystem, the PHA token serves multiple utility functions. It acts as a medium of exchange in the Phala marketplace, rewarding miners for their contributions, and can be used as a staking currency.

The road ahead for Phala Network

The future of Phala Network holds great promise as the platform aims to improve the blockchain ecosystem significantly. With ambitious growth and service enhancement goals, Phala Network is set to achieve new milestones. Notably, the upcoming integration with Polkadot and the introduction of the decentralized data analysis tool Web3 Analytics will bolster Phala's scalability and effectiveness.

One of the critical focuses of Phala Network is to enhance its privacy infrastructure. This involves refining technologies like Trusted Execution Environment (TEE) and secure zones to provide even stronger privacy measures. Additionally, Phala Network is committed to developing user-friendly tools, documentation, and resources for developers, fostering ecosystem growth and making it easier for developers to build privacy-focused applications on the platform.

Interoperability is another crucial aspect of Phala Network, recognizing the importance of seamless integration with other blockchain networks and traditional systems. The network aims to establish bridges and integration points that enable data transfer and assets between different platforms, expanding its reach and utility.

Phala Network places great emphasis on community engagement and governance. The network actively encourages community participation by organizing events, forums, and initiatives. Moreover, token holders can actively participate in decision-making processes, shaping the future direction of Phala Network.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

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Market cap
$92.26M #142
Circulating supply
806.08M / 1B
All-time high
$1.4560
24h volume
$16.14M
3.9 / 5
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