Phala Network
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Phala Network

Fixed Multiple Testnet Issues, Launched on PancakeSwap | Phala Weekly Vol.49

Dev Updates

Para-1 testnet:

  • pRuntime: Add a Rust std compatible layer between rust-sgx-sdk and pRuntime PR PR
  • Tokenomic: Fix an issue that no longer reward after slash occurred PR PR
  • Phala: Implement GetMqSequence RPC, Improve stability PR PR
  • Token bridge: Improve weight calculation PR
  • Contribution from community
  • Refactor ChainBridge (Token bridge) pallets with FRAMEv2 PR
  • Contribution to upstream
  • Contribute Sr25519 ECDH implementation to Polkadot.js PR
  • Fixing issues discovered in Para-1
  • Preparing next phase of Para-1
  • Designing Phala Confidential Smart Contract JS SDK
  • Integrating PhaseWallet into Phala app
  • Integrating XCM v1 into Khala

Community & Ecosystem

  • Community Stats:

Activities & News

  • Phala Network’s native token $PHA was listed on Syrup Pools and Farms in PancakeSwap on August 24. All token holders can stake $CAKE in Syrup Pool or stake $PHA-$BUSD LP in Farm to earn $PHA or $CAKE and add more liquidity for $PHA. The highest APY broke up 7000% after PHA launching on it.
  • Phala Co-founder Marvin Tong was invited to communicate with SubQuery around the topic of「Build the Web 3.0 computing cloud ecosystem」.

Upcoming

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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