What is Phala Network? PHA

What is Phala Network?

Phala is the first confidential smart contract network built on Substrate, aiming to provide confidential computation and data protection services for enterprises and users. Phala Network would serve the whole Polkadot ecosystem as one of the Polkadot parachains

Who founded Phala?

Our core team members came from famous Internet companies such as Google, Tencent, etc. Hang Yin, Co-founder and Chief Scientist of Phala Network, was the head developer for the new Equihash mining algorithm of Bitcoin GoldWhat product does Phala have?

pLIBRA:  a confidential computation component built for Libra granted by Web3 foundatio

Web3 Analytics: a cutting-edge data analysis tool for next-generation, able to analyze user data and output results without invading personal privacy

As Phala Network grows, there would be more amazing applications and services based on Phala to serve people and our communities

What technology does Phala appl

Phala applies TEE (Trusted Environment Execution) which allows confidential data to run in an isolated and private environment and outputs results alone with authorizatioz.

Google wants the DAU (Daily Active User) data in the recent 100 days on Facebook. Facebook is willing to share yet worrying about user data leak. Here’s how they could perfectly solve the problem with Phala Network.

The-best-of-its-kind interoperability.


We allow different contracts to call each other before executing computation, which is hard to realize for many other projects. We’ve been discussing relevant solutions with Parity and have come out with a mature plan.

Besides, compared with other confidential computation projects, we focus more on cross-chain of data, not only deposits and assets. Our vision is to enable ANY BLOCKCHAIN to be served with our confidential computation technology.

#cryptowithsana #wazirxindia #wazirxwarriors #indiawantscrypto #blockchain #crypto #cryptocurrency

https://wazirx.com/invite/knpwmvnt


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