Bigger Rewards Coming — up to 150 PHA per KSM! | Phala Weekly Vol.40
Dev Updates
💯Completed
- Implementing pRuntime-side of Phala message queue PR
- New mining interface PR
- Upgrade Crowdloan site to match new reward levels
💻Work in progress
- Migrating pRuntime embeds contracts to new message queue WIP PR
- Front end of ChainBridge-based PHA token two-way (ETH <> Khala) bridge WIP Repo
- Long-term work Tracker
a) Mining pool systemRuntime Bridge
b) Improving computing task mechanisms to work better with parachains
Community & Ecosystem
- Community Stats：
- June 17, Phala Spanish community and Kucoin jointly ran a campaign with a 500 $PHA prize pool on Twitter.
- June 25, Khala Crowdloan broke 20k KSM, thanks for all your support! That same day, the Phala team decided to bump the rewards for Khala’s Crowdloan backers! The basic rewards go up by 20% (now 120:1), users will be rewarded 120 PHA for every 1 KSM supported. When KSMs staked for Khala’s Crowdloan break 30,000, the reward ratio will be automatically adjusted to 1:150 (KSM:PHA). In addition, we’re introducing the new additional Honor Gem NFTs to all accounts contributing at least 1 KSM during the course of the auction. The effective APY now tops 44.74%! DO NOT HESITATE TO VOTE FOR KHALA!
Contribute now: https://crowdloan.phala.network/
Tutorials: https://forum.phala.network/t/topic/2165
- Per https://polkaproject.com/#/rank Phala’s development activity is second only to Polkadot for the past 30 days.
Activities & News
- June 23, Phala was listed on the Top 15 blockchain infrastructure projects by price performance in 2021 by CryptoDiffer.
- June 24, Binance announced a PHA/USDT trading pair at 2021–06–25 10:00 AM (UTC). Since then, PHA/USDT trading pairs have become available on Binance, Kraken, Kucoin, Huobi.Global, OKEx etc.
ANN：https://www.binance.com/en/support/announcement/429422352d3e4fb18cdb374e227f2559
Trading：https://www.binance.com/en/trade/PHA_USDT?layout=basic&type=spot
- June 24, Phala Network announced a collaboration with Bit.Country. Bit.Country, based on its blockchain platform and protocol, allows users to build their own metaverse with NFTs, timeline views, 3D virtual worlds, and other functions. Phala will provide privacy infrastructure services to Bit.Country’s Metaverse, allowing the addition of privacy features to Virtual worlds, NFTs, and secret messages.
- June 25, Phala’s partner Neukind, the largest blockchain node deployment platform in Japan, collaborated with the decentralized blockchain data center Zofuku to deploy physical nodes in Japan including Phala nodes in four regions. Click here to know more.
- Phala attended Crypto Legacy AMA on June 26 and provided $100 PHA prize pool to the community members.
- June 26, Phala Co-founder & Lead developer Hang Yin attended the CodingDay@Wuhan 2021 and gave a speech around the topic of how to update Substrate online to the developers. This event was jointly held by Rebase, One Block +, Parity and Phala.
About Phala
Phala Network tackles the issue of trust in the computation cloud.
This blockchain is a trustless computation platform that enables massive cloud processing without sacrificing data confidentiality. Built around TEE-based privacy technology already embedded into modern processors, Phala Network’s distributed computing cloud is versatile and confidential. By separating the consensus mechanism from computation, Phala ensures processing power is highly scalable but not wasteful. Together, this creates the infrastructure for a powerful, secure, and scalable trustless computing cloud.
As a member parachain of the Polkadot cross-chain ecosystem, Phala will be able to provide computing power to other blockchain applications while protecting the data layer, enabling possibilities like privacy-protected DeFi trading positions and transaction history, co-computing DID confidential data, developing light-node cross-chain bridges, and more.
On-chain services currently being developed on Phala Network include Web3 Analytics: high-performance smart contracts from Phala to enable highly concurrent mass data analytics with privacy, paving the way for an alternative to Google Analytics that inherently respects individual confidentiality.
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