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Phala Network

Phala Network

Confidential cloud computing on Polkadot using Intel SGX for private smart contracts

Launch Year
2021
Consensus
Nominated Proof of Stake (Polkadot)
Max Supply
Unlimited (inflationary)
Block Time
~12 seconds
PHA
PHA
Phala Network
Price
24h Change
Market Cap
Volume (24h)
Circulating Supply
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About Phala Network

Phala Network (PHA) is a privacy-preserving cloud computing protocol on Polkadot that enables off-chain confidential computation using Intel SGX Trusted Execution Environments. Workers run computations in encrypted enclaves — even Phala cannot see the data being processed. This enables confidential smart contracts, private AI inference, secure multi-party computation, and privacy-preserving DeFi. PHA is used as gas for computation, staking rewards for workers/delegators, and governance. Phala's phat contracts (off-chain programs) can connect to external APIs and blockchains — serving as a privacy-focused oracle and computation layer.

History

2020
Phala Network launches testnet; pioneers confidential smart contracts with TEE
2021
Phala wins Polkadot parachain slot; PHA token lists on major exchanges
2022
Phala launches phat contracts for off-chain confidential computation with oracles
2023
Phala rebrands compute service; AI inference privacy use cases expand

How to Swap PHA

Swapping Phala Network (PHA) on SyntheticSwap requires no registration or KYC. PHA is a Polkadot ecosystem token, supported by Polkadot.js extension, Talisman, SubWallet, and Ledger. Open SyntheticSwap, select PHA as your source or destination asset, provide your receiving wallet address, and confirm the floating rate. After sending PHA to the deposit address, the destination asset is automatically delivered to your wallet once the transaction is confirmed.

How to Store PHA

PHA is available on Polkadot (native) and Ethereum (ERC-20). Use Talisman or SubWallet for Polkadot PHA, or MetaMask/Ledger for ERC-20 PHA.

Frequently Asked Questions