PHA (Phala)

Phala Network is a private computing parachain on Polkadot, based on a pow-like economic incentive model.

How to buy PHA (Phala) on Huobi?

Follow the easy 4 steps below to buy PHA (Phala) on Huobi.

  1. Register a Huobi Global account
    Provide an email address, create a username, and choose a secure password.
  2. Verify your account
    After registering and verifying, all you need to do to buy Bitcoin is to provide your name, date of birth, country/region and phone number. For verification information, see the verification documentation.
  3. Deposit in fiat currency or cryptocurrency
    To deposit cryptocurrency, you only need to check the encrypted address on Huobi Global and send funds to that address. There are many ways to use fiat currency to fund your account for transactions, including credit cards, cash, and other cryptocurrencies.
  4. Start buying Bitcoin on Huobi
    Once your fiat currency or cryptocurrency is in your account, you can start buying Bitcoin. Through your Huobi Global account, you can get trading charts, 24-hour global customer support, and PHA (Phala) derivatives trading.

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What is PHA (Phala)?

Phala aims to become a Web3.0 privacy protection infrastructure. It is developed based on Substrate and implements confidential smart contracts through the TEE blockchain architecture, which can provide privacy computing services for the Polkadot ecosystem.

Phala is the Polkadot privacy computing infrastructure. Phala Network is a private computing parachain on Polkadot. Based on the pow-like economic incentive model, Phala releases the private computing power in countless CPUs and applies it to the Polkadot parachain, and then serves other applications such as Defi and data services on Polkadot. Phala-based applications pLibra and Web3 Analytics have received grants from the web3 Foundation.

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