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What is Phala?

Sensitive information is managed solely within secure hardware enclaves that are shielded from any external access. The integrity of both the code and the data is guaranteed, allowing only actions that are pre-approved. The Phala confidential contract complies with several standards, including Intel SGX and AMD SEV. It provides a safe and reliable environment for data storage and processing, utilizing a decentralized storage system alongside a distinctive random scheduling algorithm. Additionally, remote attestation verifies that contracts execute correctly in a trustless and private context. Every line of code and its execution can be validated on-chain, which enhances transparency. The effectiveness of a smart contract is significantly reduced without composability, an essential factor for functional expansion. Importantly, Phala distinguishes itself as the only confidential contract protocol that upholds both interoperability and composability, facilitating seamless integration of contracts with various other systems. This remarkable attribute positions Phala as a frontrunner in the realm of confidential smart contracts, paving the way for future innovations in the field. Its commitment to maintaining user privacy and security further solidifies its reputation as a leader in this technology sector.

What is Flare?

An astonishing 65% of the potential value tied to blockchain tokens remains unutilized by decentralized applications, but this situation is set for transformation. Introducing Flare, an innovative network that features the first Turing complete Federated Byzantine Agreement (FBA) system, crafted to be scalable without depending on a native token for security purposes. This groundbreaking architecture mitigates the dangers of safety loss that can arise from conflicting demands on a native token while ensuring smooth compatibility with the Ethereum Virtual Machine. With a strong base of developer expertise, Flare streamlines the integration for ongoing projects and offers minimal transaction fees, enabling applications to expand without burdening users with excessive costs. The native token, Flare (FLR), functions as collateral for the secure issuance of assets from non-Turing complete chains, starting with prominent currencies such as XRP, XLM, Litecoin, and Dogecoin. Moreover, it plays a crucial role in facilitating the Flare time series oracle, generating yield for securing the price mechanism on the network and engaging in governance activities. F-Assets are introduced to enable Turing complete smart contracts on each connected chain, allowing assets to be originated and settled back to their respective networks in a trustless manner, which significantly boosts both functionality and flexibility within the blockchain ecosystem. With these remarkable innovations, Flare is set to redefine the interaction between decentralized applications and blockchain tokens, creating a more dynamic and interconnected digital landscape. As the platform evolves, it will likely inspire further advancements in the field.

Media

Media

Integrations Supported

Blockdaemon
CryptoTax360°
DEX Screener
Dwellir
Ethereum
Manta Network
Ripple
Stellar
Topper

Integrations Supported

Blockdaemon
CryptoTax360°
DEX Screener
Dwellir
Ethereum
Manta Network
Ripple
Stellar
Topper

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Phala

Company Website

phala.network/en/

Company Facts

Organization Name

Flare Network

Date Founded

2019

Company Location

United Kingdom

Company Website

flare.xyz/

Categories and Features

Categories and Features

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