Phala aims to become a Web3.0 privacy protection infrastructure, developed based on Substrate and implementing confidential smart contracts through TEE blockchain architecture, which can provide privacy computing services for the Poca ecosystem.Phala is a Poca privacy computing infrastructure. Phala Network is a parallel chain of privacy computing on Poca, based on an economic incentive model similar to Pow. Phala releases countless CPU power for privacy computing and applies it to Poca parallel chains, serving Defi, data services, and other applications on Poca. The applications pLibra and Web3 Analytics based on Phala have been granted by the Web3 Foundation.The Khala Network will use K-PHA as the network token, which is the Kusama version of the PHA token and can be exchanged 1:1 with ERC20-PHA and the main network PHA.
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