Phala Network logo
WebsiteBinance Launchpad

Phala Network (PHA)

IEO

Phala Network is a privacy-preserving protocol for data-protection and blockchain smart contracts. Phala Network guarantees the reliable execution of smart contracts while keeping the data secret.

IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

Overview

Project industryBlockchain Infrastructure
Product typeTechnology
WhitepaperPhala Network White Paper Open

Charts

1h24h7d14d30d1y
Price
Market Cap
24h
7d
14d
30d
60d
90d
180d
365d
Max
Unable to load chart data.
Click here to try again

What is Phala Network

Phala Network is consisted of three components: phala-nodes which make up of Phala blockchain, pRuntime and phost. Among them, only pRuntime lives in TEE. Although attackers cannot peek into TEE, they can trick the contracts in TEE by forging transactions or replaying/reordering valid transactions. It it important to ensure that confidential contracts only accept valid transactions and process transactions in an expected order. That's why we introduce Phala blockchain and phost.

Phala blockchain serves as a canonical source of valid transactions. Only submitted transactions can be accepted by pRuntime, and they will be processed in the same order as on blockchain. We implement a light validaton client in pRuntime so it is able to determine whether valid transactions are accepted in expected order. Also a key rotation mechanism will be introduced to prevent the replay of historical transactions. The great thing is that pRuntime hides all these complicated implementation details from you so you can just implement confidential contracts like developing ordinary programs.

Phost works as the bridge between Phala blockchain and pRuntime. It ensures that all the transactions on blockchain are faithfully forwarded to pRuntime and all the TEE instances are running unmodified version of pRuntime.

Details

IEO (Binance Launchpad): Feb 25, 2021 - Feb 25, 2021

Legal

Blockchain Platform: Polkadot
Registration year: 2019

Token info

Ticker: PHA
Token distribution:
Testnet Incentives:1,103,466 PHA
Core contributor incentives:164,956 PHA
Community events:109,435 PHA
Candies for marketing:26,291 PHA

Phala Network Roadmap

1
2018 Q4

Phala Team was founded

2
2019 Q2

Built a strong community in China

3
2019 Q3

Whitepaper released

pLIBRA won the Web3 Foundation Grant

4
2019 Q4

Hang was entitled with China Polkadot Ambassador

5
2020 Q1

Token Economics

W3A won the Web3 Foundation Grant

6
2020 Q2

Testnet PoC-1

KSM x PHA Stakedrop

7
2020 Q3

Testnet Rorschach

Kusama Dark Pool development kickoff

8
2020 Q4

Testnet Vendetta

Pre-mainnet: Darth Vader

9
2021

Kusama parachain auction

Launch Phala on Kusama

Decentralize Phala phase by phase

Project team

Hang Yin
Hang Yin
Co-founder & Lead Developer
Marvin Tong
Marvin Tong
Co-founder & CEO
Zhe Wang
Zhe Wang
Co-founder & COO
Jun Jiang
Jun Jiang
Co-founder & CTO
LusWar
LusWar
Core Developer
Goldenfiredo
Goldenfiredo
Core Developer
Krhougs
Krhougs
Core Developer
Antonia
Antonia
Community & Growth

Advisors

Sandro Gorduladze
Sandro Gorduladze
Advisor
Dr. Shunfan Zhou
Dr. Shunfan Zhou
Phala Whitepaper Co-author
Dr. Konstantin Shamruk
Dr. Konstantin Shamruk
Advisor

Social media

Phala Network web-sitePhala Network MediumPhala Network TelegramPhala Network FacebookPhala Network Github

Increase your Conversion Rate

Add our widget to your website and make an announcement of the listing in your social media

Horizontal
Square
Light
Dark
Height: 50 px
Width: 160 px

Leave a Reply

Your email address will not be published. Required fields are marked *

Sponsored Crypto Projects