| General information | |
|---|---|
| Global rank: | 589 |
| Name: |
Phala Network |
| Symbol: | PHA |
| Current coin price (USD): | 0.039 $ |
| Last hour: | arrow_upward0.110 % |
| Last 24 hours: | arrow_downward-1.92 % |
| Last 7 days: | 0.760 %trending_up |
| Capitalisation (USD): | 32 106 881.00 $ |
| Volume 24h (USD): | 6 922 890.00 $ |
| Available supply: | 825 554 863.00 PHA |
| Total coin supply: | -1 PHA |
| Start date: | 2020-04-30 |
Phala Network/United States Dollar (PHA/USD) price chart
Phala Network/United States Dollar (PHA/USD) 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.