Phala Network


## What Is Phala Network?

[Phala Network](https://phala.network/) is a coprocessor for blockchains. Developers deploy “[Phat Contracts](https://phala.network/phat-contract),” 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)](https://docs.phala.network/developers/advanced-topics/blockchain-infrastructure/secret-key-hierarchy#key-hierarchy-management) 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](https://docs.phala.network/developers/build-on-phat-contract/language-basics) such as JavaScript and more, and ready-to-deploy [Templates](https://bricks.phala.network/overview) for seamless Phat Contract integration, streamlining the experience for web3 developers. 

Phala stands at the forefront of Web3 innovation, fostering development through its [Builders Program](https://docs.phala.network/developers/phat-contract/builders-program).


## How Many PHA Coins Are There in Circulation?

There is a maximum supply of 1 billion PHA. As of January 17th, 2024, the circulating supply of PHA tokens is 663,448,259. 

Please note that the circulating supply is dynamic. For the most up-to-date information on the circulating supply, please visit the API [here](https://khala-circulation-api.phala-dev.workers.dev/).

## Who Are the Founders of Phala Network?

- **Marvin Tong**: CEO of Hash Forest Technologies. Senior Product Manager. Ex Tencent and Didi. 【[X](https://twitter.com/marvin_tong)】【[LinkedIn](https://www.linkedin.com/in/marvintong/)】

- **Hang Yin**: CTO of Hash Forest Technologies. Founder and Lead Developer of Bitcoin Gold. Senior Developer at Google. 10 years of coding experience. 【[X](https://twitter.com/bgmshana)】【[LinkedIn](https://www.linkedin.com/in/hang-yin-167012a7/)】【[Github](https://github.com/h4x3rotab)】

### Where Can I Buy Phala (PHA)?

As one of the most potential Polkadot  and EVM ecosystem projects in terms of coprocessor, PHA is available on some top-ranked exchanges below 

- [Binance](https://www.binance.com/en-GB/how-to-buy/phala-network)
- [Kraken](https://www.kraken.com/en-gb/prices/phala.network)
- [OKX](https://www.okx.com/price/phala-network-pha)
- [Kucoin](https://www.kucoin.com/how-to-buy/phala)
- [Uniswap](https://app.uniswap.org/tokens/ethereum/0x6c5ba91642f10282b576d91922ae6448c9d52f4e)
- [1inch](https://app.1inch.io/#/1/simple/swap/PHA)
- [HydraDX Omnipool](https://app.hydradx.io/trade/swap)

For the full list, please visit [here](https://coinmarketcap.com/currencies/phala-network/markets/).

## PHA resources

- [Introduction to PHA the native token of Phala Blockchain](https://docs.phala.network/pha-token/introduction)
- [PHA Governance](https://docs.phala.network/pha-token/governance)

## What Makes Phala Unique?

Phala Networks pioneers DePIN for CPUs, optimizing performance. Decentralized compute enhances blockchain coprocessors, ensuring secure transactions. The future entails AI-Web3 synergy, with Autonomous Agents providing scalable, autonomous data processing. 

Phala Network distinguishes itself through its **[Phat Contracts](https://docs.phala.network/developers/phat-contract)**, a paradigm-shifting concept in decentralized off-chain computation. The key uniqueness of Phat Contracts lies in their role as decentralized computation units, surpassing the limitations of on-chain smart contracts. These contracts run off-chain, facilitating complex computations seamlessly and cost-effectively. Unlike traditional on-chain solutions, Phat Contracts enable connections across diverse blockchains, supporting EVM and Substrate-based chains like Ethereum, Polygon, Polkadot, and [more](https://docs.phala.network/developers/phat-contract/supported-chains).

Phat Contracts empower developers with a range of tools—such as the Rust SDK and JavaScript and TypeScript—providing flexibility based on their programming background.

[Phat Contract applications](https://phala.network/posts/phat-contract-20-smart-contracts-now-connected) include [Zurf](https://phala.network/posts/monetizing-social-interactions-phala-and-zurf-parnership) for web3 social rewards, Phat OTP for secure on-chain authentication, Phat Strategy in GameFi, Lens Phite for [dynamic NFTs](https://phala.network/posts/Dynamic-NFT-Web3-Game-Changer), Smart Cookie for AI-driven content tailoring, and LensAPI Oracle for seamless integration of Lens data in smart contracts.

## PHA is the native utility token that is used for:

- [Trusted Computing Resources](https://docs.phala.network/developers/phat-contract/pay-for-cloud-service): Phala Networks empowers users with $PHA to access TEE computation resources. Seamlessly deploy Phat Contracts, supporting smart contracts as self-host oracles on various EVM blockchains.
- [Security Guarantee](https://docs.phala.network/developers/phat-contract/pay-for-cloud-service#security-and-computing-power): [Gatekeepers](https://docs.phala.network/compute-providers/gatekeeper/gatekeeper) must stake a certain amount of PHA tokens, which may be slashed for misbehavior.
- [Governance](https://docs.phala.network/pha-token/governance): Stakeholders who own a certain amount of PHA are able to join the Phala DAO to participate in community governance.

## Phala products include:

- [Phat Contract](https://docs.phala.network/developers/phat-contract)
- [SubBridge](https://docs.phala.network/other-products/subbridge)
- [inDEX](https://index.phala.network/)
- [PhalaWorld](https://phala.world/)

## Related Pages:

[X](https://twitter.com/PhalaNetwork)

[Discord](https://discord.com/invite/phala)

[Phala Network Blog](https://phala.network/blog)

[Phala Network Docs](https://docs.phala.network/introduction/readme)

[GitHub](https://github.com/Phala-Network/)

[YouTube](https://www.youtube.com/@PhalaNetwork)

[CMC community](https://coinmarketcap.com/community/profile/PhalaNetwork/)

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