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Phala Network Stock

Phala Network

PHA

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Phala Network Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
BitradeXPHA/USDT0.1122,285121,956.846.65 M1.18cex342
EchobitPHA/USDT0.193,051.6140,651.293.8 M0.36cex25
HTXPHA/USDT0.12,301.9110,462.81.89 M0.1cex344
BiboxPHA/USDT0.13,219.693,232.251.26 M0.48cex96
MEXCPHA/USDT0.1110,242.49169,261.6739,780.40.03cex512
XXKKPHA/USDT0.1142,038.62116,171.88721,997.10.05cex103
ToobitPHA/USDT0.1367,837.85310,965.71716,718.730.04cex484
BinancePHA/USDT0.1116,364.92130,239.74649,080.020.01cex530
BitMartPHA/USDT0.152,643.5258,400.99630,058.060.04cex397
HotcoinPHA/USDT0.112,674.810,618.66507,4870.07cex334
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Phala Network FAQ

### What Is Phala Network (PHA)? Phala Network (PHA) is a privacy-focused blockchain infrastructure designed to provide confidential smart contracts, ensuring data privacy and security for its users. Its innovative use of Trusted Execution Environment (TEE) technology allows for computations on encrypted data, ensuring that data remains confidential even while being processed. This approach allows Phala to offer a solution where both transparency and privacy can coexist, making it an attractive option for developers and businesses aiming to protect sensitive information. Phala Network operates on a decentralized cloud-computing model, offering scalable and secure services that cater to a wide range of applications. It supports a robust ecosystem where distributed applications (dApps) can leverage its secure environment. To get further insights and detailed data about Phala Network (PHA), its market performance, and future potential, you can visit Eulerpool.

Phala Network serves as the Execution Layer for Web3 AI, facilitating AI's ability to comprehend and interact with blockchains. This advancement removes barriers, paving the way for the first billion users to embrace Web3. Phala Network addresses the AI execution challenge with its multi-proof system. Utilizing Phala Network, you can seamlessly develop tamper-proof and resilient AI Agents, which are intricately linked with on-chain smart contracts through AI-Agent Contracts. 1. Agentize Smart Contracts: Develop AI Agents for smart contracts using both natural and programming languages. 2. Connect to the Internet of Multi-Agents: Enable your agents to be accessible to other cross-chain AI Agents. 3. Launch AI Agents and Receive Incentives: Retain ownership of your agents and cultivate a profitable token economy.

How is the Phala Network Secured?

Powered by the largest Trusted Execution Environment (TEE) network, Phala Network offers full transparency while preserving privacy.

Reasons for Developing AI Agents on Phala Network

Phala Network serves as an AI execution layer with numerous benefits for individuals interested in developing Web3 services using AI. - Agentize Smart Contracts: Develop AI Agents centered around smart contracts for widely used Web3 services and smart contracts. - Decentralized and Private by Default: Supported by the largest Trusted Execution Environment (TEE) network, ensuring full transparency and privacy preservation. - Incentivized: Obtain funding and earn profits through Agent Wars by implementing innovative ideas. - Powerful: Program using a fully customizable JavaScript & WASM runtime. - Rich Integration: Supports integration with platforms such as OpenAI, LangChain, io.net, and more. For more detailed insights, visit the Eulerpool website.

What is the Circulating Supply of PHA Coins?

The maximum supply of Phala Network (PHA) is set at 1 billion tokens. As of May 29, 2024, the circulating supply stands at 724,199,827 PHA tokens. It is important to note that the circulating supply is subject to change. For the most current information on the circulating supply, please refer to the API available at Eulerpool.

Who Founded Phala Network?

- Marvin Tong: CEO of HashForest Technologies. Experienced Senior Product Manager. Formerly with Tencent and Didi. 【X】【LinkedIn】 - Hang Yin: CTO of HashForest Technologies. Founder and Lead Developer of Bitcoin Gold. Senior Developer at Google with a decade of coding experience. 【X】【LinkedIn】【Github】

Where Can Phala (PHA) Be Purchased?

Phala Network (PHA) stands as a prominent project within the Polkadot and EVM ecosystems, particularly known for its coprocessor capabilities. PHA is listed on several leading exchanges, including: - Binance - Kraken - OKX - KuCoin - Uniswap - 1inch - HydraDX Omnipool For a comprehensive list, please visit Eulerpool.

**Phala Network** is recognized as the AI Execution Layer.

With the advancements in autonomous AI agents, a new paradigm has emerged, highlighting the potential synergies between AI and blockchain technology. Visionaries within the blockchain sector have recognized these synergies, as exemplified by Vitalik’s blog post discussing AI and blockchain. AI agents can function as intelligent interfaces to blockchain systems, facilitating their understanding of the blockchain environment while ensuring that their actions, such as signed messages and transactions, align with their intentions to prevent manipulation or fraud. ![Vitalik's Infographic](https://vitalik.eth.limo/images/cryptoai/ueth.png) At the intersection of AI and blockchain, AI agents lack certain critical elements that blockchain can address with the appropriate architecture. Phala Network's Blockchain-TEE hybrid system provides solutions that enable AI agents to operate like smart contracts by offering the following features: - Deployment on a decentralized platform to guarantee service availability. - Governance through smart contracts, including prompt management and access control. - Ability to interact with each other to create complex applications, with callers bearing the cost during the callee's execution. - Protection of prompt secrecy via TEE (Trusted Execution Environment). - High user interactivity with low latency requirements and no gas fees. These features culminate in a system where AI agents can operate within TEE workers, yet remain fully governed by on-chain smart contracts. This is the area where Phala excels. For additional information, please refer to Eulerpool.

PHA Resources

- Introduction to PHA, the Native Token of Phala Blockchain - PHA Governance

Phala Network's AI Ecosystem

Phala Network is pioneering the convergence of Web3 and artificial intelligence, establishing an ecosystem that harnesses advanced AI and decentralized technology. Our integrated approach encompasses the AI Agent Contract, Agent Wars, and Redpill, each fulfilling a unique role within our network: - **AI Agent Contract:** This contract enables web3 developers to construct decentralized AI applications. By offering a framework for developing autonomous AI agents, it empowers developers to innovate without the constraints of centralization. - **Agent Wars:** Serving as a proof-of-concept game, Agent Wars nurtures a multi-agent ecosystem where users can create, interact with, and profit from their AI agents. It illustrates how social presence can be monetized in an engaging and interactive manner. - **Redpill:** Redpill functions as an AI aggregator that optimizes the utilization of various AI models, including those from OpenAI and Claude. It leverages Phala’s AI Agent Contract to ensure that requests are both autonomous and unstoppable. Redpill is engineered to boost network usage and computational power, thereby significantly enhancing the Phala ecosystem. Further details about Phala Network can be found on Eulerpool.

PHA is the native utility token that is utilized for:

- Trusted Computing Resources: Phala Network provides users with the ability to access Trusted Execution Environment (TEE) computational resources using $PHA tokens. This allows for the seamless deployment of Phat Contracts, which support smart contracts as self-hosted oracles on various EVM blockchains. - Security Guarantee: Gatekeepers are required to stake a specific amount of PHA tokens, which can be forfeited in cases of misbehavior. - Governance: Stakeholders holding a specified amount of PHA can join the Phala DAO, enabling participation in community governance.

Phala Network offers the following products: - **Phala Network Decentralized Cloud**: Utilize Phala’s decentralized cloud services for secure and efficient storage and computation. - **pHA Token**: The native cryptocurrency of the Phala Network, serving multiple purposes including governance and utility within the ecosystem. - **PhalaWorld**: An immersive platform integrating blockchain technology for enhanced digital interactions and experiences. - **Computation Marketplace**: A marketplace for secure, private, and decentralized computational resources on the Phala Network. - **Eulerpool Information**: For up-to-date information and statistics on Phala Network, visit Eulerpool.

- Phat Contract - SubBridge - inDEX - PhalaWorld

Investors interested in Phala Network are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.