About Phala Network (PHA)
Phala Network is a coprocessor for blockchains. Developers deploy Phat Contracts, an off-chain program for coprocessors, enhancing dApps with connectivity, internet access, and heavy computation, overcoming web3 constraints.
Phala Network has one of the largest Trusted Execution Environments (TEE) on Intel Software Guard Extensions (SGX) hardware, which means that any code/data on Phala Network is protected from unauthorized access by users. Phala addresses developer concerns with expanded developer language support such as JavaScript and more, and ready-to-deploy Templates for seamless Phat Contract integration, streamlining the experience for web3 developers. Phala products include Phat Contract, SubBridge, inDEX and PhalaWorld.
PHA is the native token of the Phala Network and can be used for Trusted Computing where users spend PHA to utilize TEE resources for off-chain computations, enabling secure deployment of Phat Contracts across various blockchains. PHA holders with sufficient tokens can join the Phala DAO and actively participate in shaping the network's future through voting.
The live price of PHA is available and updated in real time on Binance.