Phala Network Trends & Updates

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Phala Network Price Action, Historical Data & Markets

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0.00000899 BTC
Volume (24h)
Circulating Supply
474,866,230 PHA
Total Supply
1,000,000,000 PHA
Cryptocurrency rank by market cap: 304
* Currency in USD
Historical Price for Phala Network
Phala Network Markets

Headline News & Announcements

What Is Phala Network?

The native utility and governance token of a cloud computing DOT parachain.
Phala Network token (PHA) is the native utility and governance token of the Phala Network, a privacy-preserving cloud computing service that will run as a parachain of the Polkadot (DOT) ecosystem. Phala Network differs from other blockchain clouds by separating the consensus mechanism from computation to ensure highly scalable power and enhanced privacy. PHA tokens are used to purchase trusted computing resources within the network, to pay data exchange fees, used as security guarantees and in governance protocols.

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