Phala
Current price
$0.0493
−7.85%24h
LiveUpdated 24s ago
TodayPhala drops 7.9%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.40%
- 24 hours−7.85%
- 7 days−21.50%
- 30 days+74.62%
- 1 year−26.05%
Phala's move in context
Lagging the market today
−7.85% today against −3.24% for the market as a whole, a gap of 4.6 points. A gap this wide suggests something specific to Phala may be moving it, not just the market mood.
Trend has turned
−21.5% over 7 days and +74.6% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Phala
Phala Network: Secure and Private Cloud Computing
Phala Network (PHA) is a decentralized protocol focused on delivering secure, privacy-preserving cloud computing services. Built on the Polkadot ecosystem, Phala enables developers and enterprises to deploy applications while ensuring data confidentiality and computational integrity. By combining blockchain technology with secure hardware, Phala provides a unique solution for privacy-focused computing.
Key Aspects of Phala Network
1. Privacy-Preserving Technology
Phala leverages Trusted Execution Environments (TEEs) to protect data during processing. This ensures that sensitive information remains confidential and secure, even when processed on decentralized nodes. TEEs form the foundation of Phala's privacy-preserving capabilities, making it suitable for use cases requiring high levels of data security.
2. Integration with Polkadot
As a parachain on Polkadot, Phala benefits from the network’s shared security and interoperability features. This integration allows Phala to communicate seamlessly with other blockchains in the Polkadot ecosystem, expanding its use cases and fostering cross-chain collaboration.
3. Scalable Cloud Computing
Phala’s decentralized architecture supports scalable and cost-effective cloud computing. Developers can deploy privacy-focused applications without relying on centralized service providers, reducing costs and eliminating single points of failure.
4. Dual Token Model
Phala operates with a dual-token model: PHA, the native utility token, and Gatekeeper tokens, which secure the network. PHA is used for transaction fees, staking, and governance, while Gatekeeper nodes ensure the protocol’s operational integrity.
Applications and Use Cases
Phala Network is ideal for use cases that require privacy and security, such as confidential smart contracts, secure data analysis, and private DeFi applications. Its ability to process sensitive data securely makes it suitable for industries like finance, healthcare, and supply chain management.
Development Background
Phala Network was launched by a team of blockchain and security experts who recognized the need for privacy-preserving solutions in decentralized computing. Since its inception, the project has achieved significant milestones, including its successful integration with the Polkadot ecosystem and the development of its TEE-based technology.
Community and Ecosystem
The Phala ecosystem is supported by an active and growing community of developers, validators, and users. Partnerships with leading projects within the Polkadot ecosystem and beyond have strengthened Phala’s position as a leader in privacy-focused cloud computing. The community also plays a key role in governance and protocol development.
Future Potential
Phala Network is poised to become a cornerstone of decentralized, privacy-preserving cloud computing. With plans to expand its integration with other ecosystems and enhance its computational capabilities, Phala is set to drive innovation in secure data processing. Its strong roadmap and commitment to privacy make it a critical player in the future of decentralized applications.
Phala market
- Position by market cap among the coins we track.
- #254
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $40.5M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.0491High $0.0538
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $1.39
- Now 4% of itReached 15 May 2021 · Needs +2,719% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 821.53M PHA
- 82% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 1B PHA
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 1B PHA
- The most coins that can ever exist. Some coins have no limit.
Phala converter
1 Phala = $0.0493
