🔴PHA Cryptocurrency Project🚀🚀
Phala Network addresses the issue of trust in the computing cloud.
It is a computing platform that enables massive cloud processing without sacrificing data confidentiality.
Built around TEE-based privacy technology already integrated into modern processors, Phala Network’s distributed computing cloud is versatile and confidential.
By separating the consensus mechanism from the computation, Phala ensures that processing power is highly scalable. Together, this creates the infrastructure for a robust, secure, scalable, and reliable computing cloud.
As a parachain member of the Polkadot multi-chain ecosystem, Phala will be able to provide computing power to other blockchain applications while protecting the data layer, enabling capabilities such as privacy-protected DeFi exchanges and transaction records, computing participation for confidential DID data, and the development of bridges across light chains.
$PHA
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