Top 7 Canary Network
#6 Khala Network ($K-PHA) is the @PhalaNetwork pre-mainnet on $KSM, which is a privacy-preserving cloud computing service and runs as a parachain on @kusamanetwork.
#6 Khala Network ($K-PHA) is the @PhalaNetwork pre-mainnet on $KSM, which is a privacy-preserving cloud computing service and runs as a parachain on @kusamanetwork.
1/Khala offers computing power comparable to existing cloud services but which protects the privacy of managed programs. Based on TEE-Blockchain Hybrid Architecture, developers can deploy confidential smart contracts running inside TEE Enclaves in CPUs.
https://twitter.com/phalanetwork/status/1388120312747761670?s=21
2/Khala can apply new tech & test out their performance and stability to see if they are worth applying on the Polkadot.Khala will utilize all of the core underlying tech stack such as: TEE Mining, Gatekeepers, Governance Module... & these features are continuously innovating.
3/TEE mining reward on Khala is up to 10,000,000 $K-PHA; The Khala TEE CPU Staking Requirements, Daily Reward Amounts, and Halving Cycle will be released soon;
Other design aspects are the same as the existing @PhalaNetwork Token Economics Model.
Other design aspects are the same as the existing @PhalaNetwork Token Economics Model.
4/The inflation algorithm will follow the model described in the @PhalaNetwork whitepaper. The intent is to use yield to incentivize a healthy fraction of coin in the system into being staked on Gatekeepers to ensure the safety of the system while imposing a cap on inflation.
5/When Khala Network is live, @PhalaNetwork development team will go through several milestones, including POA → Gatekeeper & TEE mining launch → parliamentary election → moving out sudo.
The initial governance module will adopt a general Substrate module.
The initial governance module will adopt a general Substrate module.
6/When TEE mining begins, profits will be collected to the Phala Treasury. Democratic votes on financial committee proposals and public proposals will dictate future distribution.
7/Phala core team members came from famous Internet companies such as Google, Tencent, etc. Hang Yin, Co-founder and Chief Scientist of Phala Network, was the head developer for the new Equihash mining algorithm of Bitcoin Gold.
8/Phala & Khala have partnership with many top projects of Polkadot ecosystem to help them to enable massive cloud processing without sacrificing data confidentiality.
Top 10 Must-know Canary network
https://twitter.com/DotMarketCap_/status/1394241783257722882
• • •
Missing some Tweet in this thread? You can try to
force a refresh
