#MarketRebound
#pha Coin
Phala Network (PHA) is a cryptocurrency that aims to provide confidential and verifiable computing for Web3. Here’s a summary of what you might need to know about it:
What is Phala Network?
Phala Network focuses on enabling trusted and confidential computing through the use of a Trusted Execution Environment (TEE).
This allows smart contracts and applications to run in a way that preserves data privacy, as data is processed within the TEE, preventing unauthorized access.
This aims to solve the data privacy problem in blockchain, opening the door to new uses such as confidential computing of sensitive data.
PHA Token Uses:
The PHA token is used to pay computing fees on the Phala Network.
It is also used to participate in network governance.
It is used to secure the network through storage and contribute to the health of the network.
$PHA
