What is PHALA
What Is Phala Network (PHA)?
Phala Network (https://phala.network/) is the Execution Layer for Web3 AI, enabling AI to interact with blockchains and unlocking Web3 for the first billion users.
Phala’s multi-proof system solves the AI execution problem, allowing you to build tamper-proof and unstoppable AI Agents that integrate with smart contracts through the AI-Agent Contract.
1. Agentize Smart Contracts: Develop AI Agents for smart contracts using natural and programming languages.
2. Connect to Multi-Agents: Make your agents accessible to other cross-chain AI Agents.
3. Launch AI Agents and Earn: Own your agents and build a profitable token economy.
PHALA as the AI Execution Layer:
Phala leverages AI Agents to interface with blockchain technology, ensuring behavior aligns with intentions and preventing fraud. Using Phala's Blockchain-TEE hybrid system, AI Agents can act like smart contracts with decentralized hosting, governance by smart contracts, protected prompts, and low latency with no gas fees.
Phala Network’s AI Ecosystem:
Phala leads Web3 and AI integration with:
1. AI Agent Contract (https://docs.phala.network/ai-agent-contract/getting-started): For building decentralized AI applications.
2. Agent Wars (https://agentwars.phala.network/home): A platform to create, interact with, and monetize AI agents.
3. Redpill (https://red-pill.ai/join): An AI aggregator optimizing multiple AI models, increasing network usage and computation power.
How Many PHA Coins Are There?
The maximum supply is 1 billion PHA. As of May 29, 2024, the circulating supply is 724,199,827 PHA. For updates, visit the API here (https://khala-circulation-api.phala-dev.workers.dev/).
Where Can I Buy Phala (PHA)?
PHA is available on Binance, Kraken, and other major exchanges. For a full list, visit here CoinGeko PHALA listing page.
PHALA vs Stoic AI Crypto Trading Bot
Predicting which cryptocurrency will ultimately lead the market is almost impossible
There’s no guarantee that PHALA (PHA) will still dominate in 5 years. A newer, more efficient technology could attract the majority of developers, users, and capital. Alternatively, a critical flaw in PHALA’s (PHA) design or ecosystem could hinder its progress altogether.
Instead of trying to predict the winner, a smarter approach is to diversify with a portfolio of potential contenders, including PHALA (PHA).
This is where Stoic’s AI-powered crypto trading bot comes in. Stoic uses hedge fund-grade quantitative research and advanced algorithms to build and manage a portfolio of crypto assets. By leveraging its automated trading bot, Stoic analyzes price data, returns, volatility, correlations, and other factors to identify coins with high growth potential.
The AI crypto trading bot rebalances the portfolio daily, cutting losses early and taking profits regularly. This eliminates the need for manual research and trading, making Stoic one of the best crypto trading bots for investors looking for a hands-free solution.
Over 15,000 people already trust Stoic to automate their crypto investing with cutting-edge bot trading technology. Whether you're new to crypto or an experienced trader, Stoic offers a seamless way to participate in the market with AI crypto trading.