Phala Network PHA Price 0.04205356

The Phala Network is a privacy-preserving cloud computing service that offers computing power comparable to existing cloud services and protects the privacy of managed programs. Gatekeepers have to stake a certain amount of PHA token. Stakeholders who own a certain amount of PHA can join the Phala DAO. How many PHA Coins are in circulation? Didi is one of the biggest internet companies in China. TEE-based privacy technology is already embedded into modern processors, which is why Phala Network's distributed computing cloud is built around it. The computation is done by Phala. Phala will be able to provide computing power to other applications while protecting the data layer, which will enable possibilities like privacy-protected DeFi trading positions and transaction history.