Question 1

What is Phala Network?

Accepted Answer

Phala Network (PHA) is a privacy-focused computing protocol on the Substrate framework, aspiring to join the Polkadot network as a parachain. Initiated by Marvin Tong and his team, it emphasizes secure data processing without external visibility. The native token, $PHA, plays roles in staking, governance, and as an internal payment mechanism.

Question 2

Who created Phala Network?

Accepted Answer

Phala Network was created by its founding team and developers. For detailed information about the project's origins and team, please refer to the official documentation and whitepaper.

Question 3

How do I buy Phala Network?

Accepted Answer

You can buy Phala Network on various cryptocurrency exchanges. First, create an account on a reputable exchange, complete the verification process, deposit funds, and then place an order for Phala Network.

Question 4

Is Phala Network a good investment?

Accepted Answer

The value of Phala Network, like all cryptocurrencies, can be volatile. Before investing, research thoroughly, understand the risks, and never invest more than you can afford to lose. Consider consulting a financial advisor.

Question 5

How do I store Phala Network?

Accepted Answer

You can store Phala Network in cryptocurrency wallets. Options include hardware wallets (most secure for long-term storage), software wallets, and exchange wallets. Always backup your wallet and keep your private keys secure.

Question 6

What makes Phala Network unique?

Accepted Answer

Phala Network has unique features and technology that differentiate it from other cryptocurrencies. These may include its consensus mechanism, transaction speed, scalability solutions, or specific use cases within its ecosystem.

Question 7

What is the current price of Phala Network?

Accepted Answer

The current price of Phala Network is displayed at the top of this page and updates in real-time. You can also view historical price charts and market data including 24-hour trading volume and market capitalization.

Question 8

How is the Phala Network network secured?

Accepted Answer

The Phala Network network is secured through its consensus mechanism, which may include Proof of Work, Proof of Stake, or other validation methods. This ensures transaction integrity and prevents double-spending.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	PHA-USDT PHAUSDT	binance	AA	0.03560USDT	3.49%	156,287,727.00PHA	34,738	0.03440USDT	0.03800USDT
2	PHA-USDT PHA_USDT	whitebit	BB	0.03553USDT	3.59%	82,325,994.45PHA	48,397	0.03430USDT	0.03799USDT
3	PHA-TRY PHATRY	binance	AA	1.64TRY	3.14%	63,274,492.00PHA	8,156	1.59TRY	1.75TRY
4	PHA-USDT PHA-USDT	okex	A	0.03565USDT	3.54%	11,090,124.07PHA	4,663	0.03444USDT	0.03776USDT
5	PHA-USDC PHAUSDC	binance	AA	0.03560USDC	3.49%	8,072,978.00PHA	2,201	0.03440USDC	0.03830USDC
6	PHA-USDT PHAUSDT_SPBL	bitget	BB	0.03552USDT	3.17%	3,951,417.93PHA	3,982	0.03443USDT	0.03790USDT
7	PHA-USDT PHA_USDT	gateio	A	0.03558USDT	2.83%	3,473,020.55PHA	928	0.03461USDT	0.03821USDT
8	PHA-USD PHAUSD	kraken	AA	0.03542USD	1.81%	3,045,494.71PHA	583	0.03479USD	0.03835USD
9	PHA-EUR PHA_EUR	whitebit	BB	0.03073EUR	3.97%	2,382,024.98PHA	353	0.02956EUR	0.03260EUR
10	PHA-USDT PHA-USDT	kucoin	BB	0.03560USDT	3.79%	2,223,538.87PHA	903	0.03429USDT	0.03780USDT
11	PHA-TRY PHA-TRY	okex	A	1.64TRY	2.57%	330,364.14PHA	55	1.60TRY	1.75TRY
12	PHA-EUR PHAEUR	kraken	AA	0.03036EUR	1.20%	117,070.34PHA	71	0.03000EUR	0.03304EUR
13	PHA-USD PHA-USD	okex	A	0.03592USD	2.89%	22,483.32PHA	120	0.03492USD	0.03756USD
14	PHA-USDC PHAUSDC	cexio	BB	0.03601USDC	10.53%	651.28PHA	1	0.03258USDC	0.03601USDC
15	PHA-USD PHAUSD	cexio	BB	0.03661USD	11.49%	558.24PHA	1	0.03284USD	0.03661USD
16	PHA-USDT PHAUSDT	cexio	BB	0.03567USDT	9.30%	511.72PHA	1	0.03263USDT	0.03567USDT
17	PHA-USDT pha_usdt	xtpub	-	0.03560USDT	3.49%	91,734,096.00PHA	6,536	0.03440USDT	0.03780USDT
18	PHA-USDT pha_usdt	lbank	C	0.03553USDT	3.28%	64,743,146.00PHA	83,971	0.03440USDT	0.03787USDT
19	PHA-USDT phausdt	huobipro	C	0.03556USDT	4.23%	59,403,602.86PHA	55,079	0.03412USDT	0.03753USDT
20	PHA-USDT PHA_USDT	coinw	-	0.03580USDT	3.80%	50,937,571.85PHA	3,843	0.03449USDT	0.03773USDT
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Phala Network

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