Phala Network price

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Phala Network price live data

The current price of Phala Network is $0.12580. Since 00:00 UTC, Phala Network has increased by +0.80%. It currently has a circulating supply of 181,834,380 PHA and a maximum supply of 0 PHA, giving it a fully diluted market cap of $22.86M. At present, Phala Network holds the 254 position in market cap rankings. The Phala Network/USD price is updated in real-time.

Phala Network price performance in USD

Time periodChange amount%Chg
Today$0.0010008 +0.80%
7 days$0.0030980 +2.52%
30 days-$0.04720 -27.29%
3 months-$0.07660 -37.85%

Phala Network market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$0.12039
Last price $0.12580
24h high$0.12640
Heat index ranking
Market cap ranking
Market cap
Favorited rate
Percentage of users who favorited this asset to all users
All-time high
-91.37% (-$1.3302)
Feb 25, 2021 (3 years ago)
All-time low
+79.71% ($0.055798)
Oct 13, 2022 (2 years ago)
ICO date
ICO price
The price at which this crypto was first traded
Circulating supply
The amount of this crypto that is publicly available in the market
181,834,380 PHA
The audit data comes from partners that we have integrated with via API. Our partners conduct security assessments on the provided source code.
Last audit: 07/17/2021

About Phala Network (PHA)

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.

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What is Phala Network (PHA)? 

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

How does Phala Network work? 

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.

Where to buy PHA? 

Easily buy PHA tokens on the OKX cryptocurrency platform. One available trading pairs in the OKX spot trading terminal is PHA/USDT.

You can also swap your existing cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), for PHA with zero fees and no price slippage by using OKX Convert.

How much is Phala Network worth today?
Currently, one Phala Network is worth $0.12580. 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.
What is cryptocurrency?
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.
When was cryptocurrency invented?
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.
PHA calculator
1 PHA ≈ $0.12580
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