| General information | |
|---|---|
| Global rank: | 565 |
| Name: |
Phala Network |
| Symbol: | PHA |
| Current coin price (ERN): | 0.597 ERN |
| Last hour: | arrow_downward-2.75 % |
| Last 24 hours: | arrow_upward4.72 % |
| Last 7 days: | 3.75 %trending_up |
| Capitalisation (ERN): | 493 301 085.00 ERN |
| Volume 24h (ERN): | 642 622 875.00 ERN |
| Available supply: | 825 741 073.00 PHA |
| Total coin supply: | -1 PHA |
| Start date: | 2020-04-30 |
Phala Network/Eritrean Nakfa (PHA/ERN) price chart
Phala Network/Eritrean Nakfa (PHA/ERN) capitalisation and volume charts
Phala Network is a privacy-preserving computing protocol built on the Substrate framework. It aims to provide confidential computations and privacy-centric smart contracts, ensuring that data is processed securely without external exposure. Designed for interoperability, Phala Network seeks to become a parachain on the Polkadot network, thus allowing seamless interaction with other blockchains connected to Polkadot.
Phala Network was founded by a team of blockchain enthusiasts and experts with Marvin Tong serving as its CEO. The team leveraged the capabilities of Substrate and the principles of Trusted Execution Environments (TEEs) to create a unique platform that prioritizes data privacy and secure computations.
$PHA is the native token of the Phala Network. It serves multiple purposes within the ecosystem such as Staking, Governance, or Payments.