🔐 What is $PHA (Phala Network)? – Powering Confidential Web3

$PHA is the native token of Phala Network, a privacy-preserving cloud computing platform for Web3. Unlike traditional blockchains, Phala uses Trusted Execution Environments (TEEs) to run smart contracts off-chain while keeping data secure and confidential.

Why it stands out:

✅ Enables private DeFi, gaming, and AI apps

✅ Scalable off-chain compute with on-chain trust

✅ Backed by Polkadot ecosystem

As privacy and decentralization grow more important, $PHA offers a real solution for developers needing confidential yet verifiable execution.

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