#BinanceAlphaAlert
Phala Network serves as a coprocessor for blockchains, empowering developers to deploy Phat Contracts — off-chain programs that enhance decentralized applications (dApps) with internet connectivity, data access, and heavy computation capabilities. This allows developers to overcome the typical limitations of Web3.
Built on Intel SGX hardware, Phala boasts one of the largest Trusted Execution Environments (TEE) in the ecosystem. This ensures that any code or data processed within the network remains protected from unauthorized access — even from the system's own users.
Phala simplifies Web3 development by offering broad language support, including JavaScript, and ready-to-use templates for seamless integration of Phat Contracts. Its ecosystem includes powerful products like Phat Contract, SubBridge, inDEX, and PhalaWorld.
The network’s native token, PHA, is used for Trusted Computing, where users pay to access TEE resources for secure off-chain computations. Additionally, holders of a sufficient amount of PHA tokens can participate in the Phala DAO, enabling them to vote and shape the future direction of the network.
