Phala Network
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Phala Network

Phala Release the Annual Report of 2022 | Phala Weekly Vol.68

🔥 Phala Crowdloan

Updates

  • 641 addresses contributing 305,047 DOT to Phala Crowdloan.
  • Added 2 other contribution channels: Kraken & KuCoin

There are 12 ways to contribute to Phala during the second batch of bidding.

Polkadot.js, Parallel, Bifrost, Equilibrium, Subscan, Dotmarketcap, OKEx, AscendEX, Gate, MEXC Global.

Khala Network

👷 Khala Secure Worker Mining

The details of Khala SWM system statistics are below:

https://docs.google.com/spreadsheets/d/1AqglrvcaFBZvu04hn9h1cZ8mr6IuIRWiHJBncUwF4cQ/edit?usp=sharing

🙋 Khala democracy governance

Below are some updates of the previous submissions:

a.) Democracy Referenda

Proposed by Bluemountain Labs, which aims to get compensation for the issue500 affected accounts, obtaining 5% of the staking income compensation of the abnormally locked amount in total.

#17 referenda (on voting)

b.) Treasury Bounties Application

  • #7 bounty: the completed version of #4 bounty. Rewards will go to to Samuel and curated by Jonas for Phala Demand-End Tokenomic Design (117,000 PHA, funded)
  • #8 bounty: the completed version of #5 bounty, which aims to build a decentralized dark pool exchange on top of Phala, focusing on order privacy and mid-price clearing. (141,000 PHA, proposed)

c.) Treasury Tips Application

This application of tip was closed last week. 500 PHA were rewarded to Brazilian user Paulo Zago for his work. Details

🔗 Extrinsic Transactions

The number of Khala extrinsic exceeded 10 million last week, more all the projects on Kusama ecosystem.

Dev Updates

💯Completed

  1. Khala
  • Finished v1100 runtime upgrade

2. XCM & Token bridge

  • Supported more assets, not only PHA

3. Merged lifecycle management for Fat Contract, allow to deploy and instantiate builtin contracts” #596

4. Phala App: Revised dashboard

  • Refreshed UI
  • Added assets detail

5. PRB

  • Allowed a PRB fetch block data from multiple data provider services

💻Work in progress

  1. Enable HRMP with other parachain
  2. Phala & PRuntime
  • Appointed Message: an out-of-order message queue
  • Introducing MQC (Message Queue Chain) for consistency (under testing)

3. Phala App

  • Refactoring Mining
  • Integrating backend service, better support for reclaiming operations

4. PRB

  • Analysing BlockNumberMismatch problem
  • Preparing a new public beta release

Community & Ecosystem

  • Communities Stats:
  • Phala World:

a.) Released the first article of formal introduction

b.) Released first sketch

Activities & News

  • Hang Yin attended the Encrypt 2022 panel as a main speaker on Jan. 19th. He discussed the future applications of mainstream privacy-protecting techs with other projects.
  • Jan. 20th, Phala gave a comprehensive review of Phala’s work over the past year in its 2021 annual report.
  • Marvin participated in the Substrate 2021 year-end review party. During the event, he said that “Polkadot’s Web3 architecture has strong barriers and will definitely present value breakthroughs in the future.”

About Phala

Phala Network tackles the issue of trust in the computation cloud.

By organizing a decentralized network of computation nodes around the world, it offers high-performance services without relying on any cloud vendor. Phala workers run the programs in Secure Enclaves, a privacy technology already embedded into modern processors, enabling versatile and confidential execution. Together, this creates the infrastructure for a powerful, secure, and scalable trustless computing cloud.

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