Phala Network’s PHA token fuels a confidential-computation parachain on Polkadot. Trusted Execution Environments (TEE) in miners privately process smart-contract data, enabling privacy-preserving DeFi, AI and on-chain gaming. PHA is staked by “gatekeepers” who verify workers, pays computation gas, and grants voting power in Phala DAO. Cross-chain messaging lets any Substrate chain off-load sensitive workloads to Phala.

You may ask

What makes Phala private?

Instead of revealing state to every node, Phala executes code inside Intel SGX TEEs; encrypted output is posted on-chain, keeping user data and algorithms secret.

How is PHA distributed?

70% of total supply will be released as mining rewards over ~10 years; early investors, the foundation and ecosystem funds hold the remainder with transparent vesting.

Does Phala run on Kusama?

Yes—Khala Network on Kusama acts as canary network sharing the same codebase; PHA can be bridged 1:1 with K-PHA for early feature testing.

What are real use cases?

Current pilots include privacy-preserving on-chain e-mail, secret price oracles, and GameFi loot drop RNG verified by SGX yet auditable on Polkadot.