Question 1

What Is Phala Network?

Accepted Answer

Phala Network is a privacy-preserving cloud computing service, which offers computing power comparable to existing cloud services and protects the privacy of managed programs. Based on TEE-Blockchain Hybrid Architecture, developers can deploy confidential smart contracts running inside the TEE Enclaves in the CPU.

Phala is also based on Substrate, and will run as a parachain of Polkadot ecosystem.

Question 2

How Many PHA Coins Are There in Circulation?

Accepted Answer

There is a maximum supply of 10 billion PHA, and as of February 26, 14.7% of it in circulation.

Question 3

Who Are the Founders of Phala Network?

Accepted Answer

- Hang Yin: Founder and Lead Developer of Bitcoin Gold. Senior Developer of Google. 10 years of coding experience.【[Linkedn](https://www.linkedin.com/in/hang-yin-167012a7/)】【[Github](https://github.com/h4x3rotab)】

- Marvin Tong: Senior Product Manager with 3 years experience. Worked in Tencent and Didi which are both the biggest Internet companies in China. Good at Product Design and Business Development. 【[Linkedn](https://www.linkedin.com/in/marvintong/)】

- Zhe Wang: Hardware Engineer. A core member of Bitcoin Gold in China. 【[Linkedn](https://www.linkedin.com/in/%E5%96%86-%E7%8E%8B-0a99a038/)】

- Jun Jiang: CTO of KnewOne and Senior Software Architect in Dji. The lead of the RubyChina community. 【[Github](https://github.com/jasl)】

- Shunfan Zhou: Blockchain Security Research Scientist. Ph.D. candidate in Fudan University. 【[Github](https://github.com/shelvenzhou)】

Question 4

Where Can I Buy Phala (PHA)?

Accepted Answer

As one of the most potential Polkadot ecosystem projects in terms of privacy, PHA is available on some top-ranked exchanges including [Binance](https://www.binance.com/en/trade/PHA_BUSD), [Huobi Global](https://www.huobi.com/en-us/exchange/pha_usdt/), [Okex](https://www.okex.com/spot/trade/pha-usdt), Kucoin, [Uniswap](https://info.uniswap.org/token/0x6c5ba91642f10282b576d91922ae6448c9d52f4e) and 1inch. For the full list, check out [here](https://coinmarketcap.com/currencies/phala-network/markets/).

Question 5

What Makes Phala Unique?

Accepted Answer

Phala Network tackles the issue of trust in the computation cloud.

* This blockchain is a trustless computation platform that enables massive cloud processing without sacrificing data confidentiality. Built around TEE-based privacy technology already embedded into modern processors, Phala Network's distributed computing cloud is versatile and confidential. By separating the consensus mechanism from computation, Phala ensures processing power is highly scalable. Together, this creates the infrastructure for a powerful, secure, and scalable trustless computing cloud.
* As a member parachain of the Polkadot cross-chain ecosystem, Phala will be able to provide computing power to other blockchain applications while protecting the data layer, enabling possibilities like privacy-protected DeFi trading positions and transaction history, co-computing DID confidential data, developing light-node cross-chain bridges, and more.
* On-chain services currently being developed on Phala Network include Web3 Analytics: high-performance smart contracts from Phala enable highly concurrent mass data analytics with privacy, paving the way for an alternative to Google Analytics that inherently respects individual confidentiality.

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What Is Phala Network?

How Many PHA Coins Are There in Circulation?

Who Are the Founders of Phala Network?

Where Can I Buy Phala (PHA)?

What Makes Phala Unique?

PHA is the native utility token that is used for:

Phala products include:

Related Pages:

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