Phala Network is a confidential smart contract network enabled by a TEE-Blockchain Hybrid Architecture. It ensures confidentiality by running smart contracts inside the TEE Enclaves in the CPU. Phala Network supports cross-chain integration as a native blockchain built on Substarte, which empowers Phala to be the infrastructure of confidentiality for any blockchain across the world. The purpose of Phala Network is to build a platform for general-purpose privacy-preserving Turing-Complete smart contracts.
The live Phala price today is $0.108 USD with a 24-hour trading volume of 16,761,252 USD. We update our Phala to USD price in real-time. Phala is -5.35% in the last 24 hours. The current SoSoValue marketcap ranking is # 363, with a live market cap of $ 86,710,936 USD. It has a circulating supply of 802,879,033 PHA coins and a max supply of 1,000,000,000 PHA coins.
Phala Network is a confidential smart contract network enabled by a TEE-Blockchain Hybrid Architecture. It ensures confidentiality by running smart contracts inside the TEE Enclaves in the CPU. Phala Network supports cross-chain integration as a native blockchain built on Substarte, which empowers Phala to be the infrastructure of confidentiality for any blockchain across the world. The purpose of Phala Network is to build a platform for general-purpose privacy-preserving Turing-Complete smart contracts.