Phala Network
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Phala Network

The Population of the Phala Universe Tops 90k | Phala Weekly vol.26

Dev Updates

💯Completed

  • Upgrade to latest Cumulus, back online in the restarted Rococo testnet in the first batch.
  • Finish pDiem Web3 Grant milestone delivery document, preparing to deliver to W3F.

💻Work in progress

  1. Continued work on the reference mining pool.
  • A new “PHost” to support managing multiple miners;
  • A “Stakepad” app for manage staking visually.

2. Redesigning Ethereum and Phala bridge.

  • Improved reliability;
  • Plans to support the transfer of PHA from Phala net to Etherum.

3. Improving computing tasks mechanism to work better with parachains.

Community & Ecosystem

As of March 13, the population of the Phala Universe🌌 topped 90k 🚀 !

Twitter still the most appealing and fastest-growing channel for Phala. In the past 7-day, Phala got over 1800 new Follows! Other communities also perform well. With 739 new Persian users joining the local Telegram group, the Persian group became the hottest community among our 8 groups last week. Here are all the Phala stats 👇

The Phala community received 3 new translated pieces from Vietnamese translators and the Phala team.

Activities & News

  • March 11, per Phala Network’s fair distribution plans (defined in Chapter 3.4 of Phala Network Token Economy Whitepaper), the second batch of the private sale tokens were unlocked as scheduled. This unlock amounted to 3% of the PHA initial supply. 👉Announcement
  • March 11, Phala Network expanded its strategic cooperation with Polkadot DeFi protocol Bifrost. Phala will provide the privacy protection consensus into Bifrost liquidity derivatives and explore the possibility of improving the advantages of pledge derivatives applications through the privacy network. 👉Announcement
  • Phala and Huobi Global launched the Stake PHA to enjoy up to 15% APY! event on March 12. Huobi’s offer to accept 8 million PHA to earn rewards was fully subscribed in less than 4 hours!🔥
  • Phala Testnet Vendetta 1605 Race V2 Roundup was published on March 12. This report details the latest campaign in the testnet stage of Phala. 🔍Read more. Also, it marks Phala’s transition to the pre-mainnet stage.
  • March 12, Phala’s CEO Marvin attended Hillrise Capital’s AMA. Responding to the question, “how to integrate Phala’s characteristics with NFTs”, Marvin said:

Phala is willing and able to push secrets boxes to the NFT market, which will be an interesting and fresh thing.

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. 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 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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🥤 — Discord | Forum | Telegram

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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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