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What is Phala Network (PHA)?

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Phala Network is a decentralized cloud computing protocol that aims to compete with traditional cloud computing services. Phala uses a global, decentralized network of computing resources from noder participants to provide data storage services and processing power like typical cloud computing services. Phala aims to provide these services through a global, decentralized computing network with performance scalability capabilities and optimisation for privacy and security.

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