Phala Network (PHA) Price

Historical Phala Network price chart and current Phala Network price.

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What is Phala Network?

Phala Network is a confidential smart contract network using a a hybrid TEE (trusted execution environment) and blockchain architecture. Phala aims to create a blockchain that can handle confidential and non-public data by executing the smart contracts inside a CPU's TEE. Phala Network is a cross-chain interoperable smart contract network running as a Polkadot parachain. PHA is used to buy computing resources on the network, as an incentive to keep participants honest, and as a governance mechanish.

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