Phala is a privacy-focused blockchain platform.

Phala Network (PHA) is a decentralized cloud computing platform built on the Polkadot ecosystem that focuses on privacy-preserving and verifiable computations using Trusted Execution Environments (TEEs). By combining advanced hardware-based security technologies such as Intel SGX, AMD SEV, and NVIDIA GPU TEEs with cryptographic techniques like multi-party computation (MPC) and zero-knowledge proofs (ZKP), Phala offers a tamper-proof and auditable environment for executing confidential smart contracts and AI workloads. This approach addresses key challenges in Web3, including data privacy, secure execution guarantees, and computational verifiability.

As a Polkadot parachain, Phala benefits from shared security and interoperability within the Polkadot ecosystem, enabling scalable and privacy-preserving decentralized applications across sectors such as DeFi, supply chain management, healthcare, AI, and the metaverse. The native PHA token is used for governance, staking, paying for computation services, and incentivizing network participants who provide hardware resources. Phala aims to create a trustless, efficient, and secure cloud infrastructure that bridges Web2 and Web3 with a focus on privacy and scalability.

PHAPHALA

Sunsets Polkadot Parachain and migrates to Ethereum L2