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Phala Network

PHA

Price
$0.0920
9/27/2022, 10:31:17 AM
diamondHands

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Market

Market stats

Market cap

$37.6M

Volume (24h)

$1.9M

Circulating supply

409.3M PHA

All time high

$1.41

Price change (1h)

+0.15%

Price change (24h)

+0.99%

Price change (7d)

-1.79%

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Phala Network is on the decline this week.

The price of Phala Network has fallen by 1.79% in the past 7 days. The price increased by 0.99% in the last 24 hours. In just the past hour, the price grew by 0.15%. The current price is $0.092008 per PHA. Phala Network is 93.47% below the all time high of $1.41.

The current circulating supply is 409,250,000.15 PHA.

About

What Is Phala Network (PHA)?

Phala Network is a Web3.0 community-driven, confidential smart contract network that is enabled by a TEE-Blockchain Hybrid Architecture. TEE or Trust Execution Environment is a special hardware component that is isolated from the rest of the system. With the help of Web3.0 tools, Phala aims to make blockchain confidential eliminating third-party intermediaries. Web 3.0 represents the next phase of the evolution of the Internet/web.

According to the whitepaper, Phala supports cross-chain integration as a native blockchainbuilt on Substrate. This empowers Phala to become the infrastructure of confidentiality for any blockchain across the world. Substrate is an open-source framework that makes building a blockchain fast, cheap, and easy. Phala Network decouples the computation from the chain to miners or off-chain secure workers. The secure workers of the network leverage TEE to ensure the performance of blockchain’s computation, confidentiality, and security.

PHA is the native token of Phala Network. The team of Phala seeks to distribute tokens via ERC20. One of the main features of the Phala Network includes a security guarantee. The network guarantees security by fining the users who betray the Gatekeeper rules. In the Phala network, Gatekeeper orTEE miner is the core role that maintains the stability of the consensus. To be a Gatekeeper in the Phala Network, one must stake a certain amount of PHA. Miners who stake more PHA would be consideredmore trustful. 

PHA token is the core of Phala governance. PHA token holders participate in community proposals by initiating proposals, voting on valid proposals, and changing the order of proposals. 

History of Phala Network (PHA)

Hang Yin is one of the co-founders of Phala Network. He is the former senior software engineer at Google. Moreover, he has profound experience in artificial intelligence. Marvin Tong, the investment advisor of PAKA Fund, is also a Co-founder of Phala. Jun Jiang is the CTO of Phala Network. The maximum supply of the PHA token is one billion.

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FAQ

What is the current price of Phala Network?

The price of 1 Phala Network currently costs $0.0920.

What is the market cap of Phala Network?

The current market cap of Phala Network is $37.65M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Phala Network?

The all-time high of Phala Network is $1.41. This all-time high is highest price paid for Phala Network since it was launched.

What is the 24 hour trading volume of Phala Network?

Over the last 24 hours, the trading volume of Phala Network is $1.85M.

What other assets are similar to Phala Network?

Assets that have a similar market cap to Phala Network include Illuvium, Travala.com, ankrETH, and many others. To see a full list, see our comparable market cap assets.

How many Phala Network are there?

The current circulating supply of Phala Network is 409 million.

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