| General information | |
|---|---|
| Global rank: | 538 |
| Name: |
Phala Network |
| Symbol: | PHA |
| Current coin price (TTD): | 0.293 $ |
| Last hour: | arrow_downward-0.420 % |
| Last 24 hours: | arrow_upward1.29 % |
| Last 7 days: | 7.08 %trending_up |
| Capitalisation (TTD): | 241 866 844.15 $ |
| Volume 24h (TTD): | 234 292 113.46 $ |
| Available supply: | 825 794 039.00 PHA |
| Total coin supply: | -1 PHA |
| Start date: | 2020-04-30 |
Phala Network/Trinidad and Tobago Dollar (PHA/TTD) price chart
Phala Network/Trinidad and Tobago Dollar (PHA/TTD) 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.