Phala Network (PHA) is a management token, a payment and a security guarantee of a privacy protocol for data protection and smart contracts on the blockchain.

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Read our proposal: Sunsetting Khala Chain and Consolidating Phala Network on Polkadot and Ethereum Ecosystem (https://khala.subsquare.io/democracy/proposals/23 ). 

It proposes: 
• Retiring the Khala chain by January 10, 2025
• Launching an Ethereum L2, deploying a Vault contract & building a TEE marketplace on Ethereum
• Migrating all assets from Khala to Ethereum

This pivotal upgrade requires community approval to move forward. Cast your vote here: https://khala.subsquare.io/democracy/proposals/23 .

Read our proposal: Sunsetting Khala Chain and Consolidating Phala Network on Polkadot and Ethereum Ecosystem ( ). It proposes:.