Phala is based on Substrate and will function as a Polkadot ecological parachain. The Phala Network price is $0.957361 USD right now, with a 24-hour trading volume of $81,850,439 dollars.
PHA to USD pricing is continuously updated. In the previous 24 hours, Phala Network has increased by 13.97%. With a live market cap of $260,402,072 USD, the current CoinMarketCap ranking is #190. There are 272,000,000 PHA coins in circulation, with a potential capacity of 1,000,000,000 PHA coins.
About Phala Network PHA
Phala Network is a private information cloud computing program that enables computational power equal to conventional cloud services while protecting the privacy of controlled programs. Developers can implement confidential smart contracts running inside TEE Enclaves in the CPU using the TEE-Blockchain Hybridization Design.
Phala network has its hands on the development of on-chain services i.e. Web3 Analytics. Though Phala also enables high-performance AI contracts while maintaining the privacy of massive data, making way for Google Analytics substitute with the capacity of fundamentally protecting personal anonymity.
What is Phala Network PHA?
The native token of utility representing the Phala network. It also includes reliable computing resources to allow the purchase of trusted technical resources with the option of information sharing via PHA tokens.
The feature of information sharing allows a reliable medium for trading and analysis protocols based upon contract for the exchange of trade between both the sellers and buyers in a partnership.
The guarantee of data confidentiality for the sake of PHA tokens which are prone to be slashed on any misbehavior. There’s a bonus for stakeholders holding a certain quantity of PHA DAO as they can become a part of community governance.
Who Are the Founders of Phala Network PHA?
The founders of Phala Network are Hang Yin SR. developers of Google holding a decade of experience in coding also the leader of Bitcoin Gold.
Marvin Tong: Sr. Product Manager with experience of 3+ years. Zhe Wang: the exceptional Hardware Engineer. Jun Jiang: Sr, software designer and CTO of in Dji. Lastly, Shunfan Zhou is a renowned blockchain security analysis scientist & PHD holder.
What Makes Phala Network PHA Unique?
With the active participation of the Polkadot cross-chain ecosystem's parachain, Phala will be able to supply computing power to other blockchain applications while preserving the data layer, enabling options such as privacy-protected DeFi trading positions and transaction history, co-computing DID private data, constructing light-node cross-chain bridges, and more.
Phala Network's distributed computing cloud is adaptable and private, as it is constructed on TEE-based privacy architecture that is already implemented in recent CPUs.
Where Can You Buy Phala Network PHA?
PHA, one of the most promising Polkadot ecosystem initiatives in terms of anonymity, is available on several top-tier exchanges, including Binance, Huobi Global, Okex, Kucoin, Uniswap, and 1inch.
Frequently Asked Questions About Phala Network PHA
How Many Phala Network PHA Coins Are In Circulation Currently?
There is a total stock of 10 billion PHA, with 14.7 percent in distribution since about Feb 26.
What is the product range Phala Network PHA offers?
The main products offered by Phala network includes the establishment of Bridges between blockchains and Polkadot, e.g. pDiem, pBTC, pETH, pBTG, W3A?Web3 Analytics) and Dark Wallet *Darkpool
On What Factors Does The Price Of The Phala Network PHA Depend?
Exchange inflows and outflows, paramount and technical differences, the news cycle, and the overall economic climate are all interlinked variables that impact PHA’s price and market cap.
Conclusion
After the sheer appraisal in the field of trading which is around 100% in just a matter of a certain countable transitional month, cryptocurrencies have suffered an intense depreciation due to their uncertain market nature.
Therefore, it's wide enough to quote that Phala Network PHA tokens have been upgraded to a new all-time high translation volume of almost $0.952 U.S Dollars per token.
The Orbs has expanded its orbit of trading to facilitate the consumers with nothing but the best of trading amenities.
Phala Network PHA Official Website –https://www.orbs.com/
Phala Network PHA Twitter –https://twitter.com/orbs_network
Phala Network PHA Reddit –https://reddit.com/r/ORBS_Network
