Phala Network
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Phala Network

Khala Ethereum Bridge Passes Audit | Phala Weekly Vol.45

Dev Updates

💯Completed

  • Deployed ChainBridge via runtime upgrade
  • pRuntime switched to Protobuf-based API

PR:https://github.com/Phala-Network/phala-blockchain/pull/317

  • Final polish for mining and staking

💻Work in progress

PRB:

  • Adapting to Khala
  • API

Community & Ecosystem

  • Community Stats:
  • The Khala Ethereum Bridge (on Phala Network’s pre-mainnet, Khala Network) has passed an audit by CertiK, the world’s top blockchain security company. The Khala Ethereum Bridge, as an important tool on the Khala chain, lets users swap ERC20 PHA to K-PHA, allowing PHA from outside the Khala network to be transferred into Khala accounts as K-PHA. This enables participation in TEE Mining or other campaigns on Khala.
Khala Ethereum Bridge audit report: https://www.certik.org/projects/phalanetwork
  • The Phala tech team has carefully reviewed possible risks on Khala, is prepared for rapid response, and has summarized their findings and preparations in a risk report, Expect Chaos! Read it here 👇

Activities & News

  • On Thursday, July 29th, the Encode Polkadot Club hosted Hang, Co-Founder of Phala Network, for their fourth event, introducing students and hackers to Substrate. Recap 👇
  • We published an article, The Evolution of Mining: CPU, GPU, ASIC… Phala, explaining to readers the historical development of mining: from primitive CPU brute force computing to high-performance GPU, to customized ASICs, and the future of mining: Phala Network.

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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Phala Network is a privacy-preserving cloud computing service, based on Substrate, and will run as a parachain in the Polkadot ecosystem to offer computing power comparable to existing cloud services but which protects the privacy of managed programs.

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Phala Network

Phala Network

Infrastructure of Web3.0 privacy protection

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