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Phala Crowdloan Reward Strategy Upgrade to 2.0| Phala Weekly Vol. 75

Published date: March 22 2022
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Phala Crowdloan Reward Doubled and Gemini Upgrade In Progress| Phala Weekly Vol. 75

Popular Activities

Vendetta 1605 Final Race: End-Game

Updates:

1605 END-GAME is in full swing ! Solo-miners are also welcome to participate. Don’t miss the chance to get 1,100,000 $PHA free-delegation & NFT/NFT SEAL!

Rules:

  1. fill in the Gleam registration.
  2. Submit one of your current PID and a Worker Pub-key that is registered/added in the same PID you submitted.
  3. End-game Starts at #1,342,103(Approx. March 7th 13:00 UTC), ends at April 27th at 23:59 UTC(Exact blocktime is TBD, due to the unstable block-rate)

Phala Crowdloan

  • Phala Network is participating in Polkadot slot auctions #7-#14 and has updated Rewards Program 2.0
  • Ways to vote for Phala :Polkadot.js, Parallel (4 PARA extra bonus), Equilibrium (10 EQ extra bonus), Subscan, Gate.ioKucoin
  • If you voted for us in Polkadot Auction #6-#11, and you vote for us again in this round, you will get 10% extra reward and Phala World’s Whitelist
  • Phala economic system will undergo Gemini upgrade this month. The rewards of Phala miners and Khala miners will be combined and dynamically calculated to reduce the impact of slot auctions on cloud computing.

Khala Secure Worker Mining

The details of Khala SWM system statistics are below:

https://docs.google.com/spreadsheets/d/1AqglrvcaFBZvu04hn9h1cZ8mr6IuIRWiHJBncUwF4cQ/edit#gid=1767400182

Khala democracy governance

Last week, 1 Democracy Referendum on Khala was being voted on, and 1 Council Motions was implemented (592,627 PHA).

Democracy Referendum

  • #12: The purpose of this referendum is for the Gemini upgrade, which aims to merge the Phala and Khala prize pools and separate the Phala mining rewards from the relay chain.

Council Motions

  • #54: This motion is used to configure XCM and SubBridge parameters, involving Moonriver chain and BNC, ZLK, KAR tokens

Dev Updates

Completed

  1. Khala
  • Karura HRMP enabled

2. PRB

  • Released official version 2.0, new UI, and batch operation interface

3. Fat Contract

  • Cluster key distribution merged, test network reset

4. Phala

  • Enabled Slot 12–13 Crowdloan

5. APP

  • ETH-Khala bridge UI updated

Work in progress

  1. Khala
  • Gemini Economic Model Update

2. Fat Contract

  • Cache and offchain kv-cache database

3. Phala App

  • SubBridge Karura transfer support

4. PRuntime

  • Support DCAP as a remote authentication method

Community & Ecosystem

  • Communities Stats:
  • Phala World:

a.) Released Cyborg NFT

b.) Hosted 3rd Space and WL giveaway with Talisman

Activities & News

  • Phala Network will host Future of Web3 Infrastructure on Crowdcast this Wednesday at 4pm SGT.
  • On March 12th, Phala and Blockchain Incubator will jointly hold Blockathon Berlin, where Marvin Tong will give a speech on the application scenarios of the Metaverse

Coming up

  1. April 13th to 14th, Paris Blockchain Week Summit

As one of the sponsors, PHAmily gets a 30% discount to buy tickets:

3. June 9th to 12th, sponsored Consensus 2022 by Coindesk

Bonus: 15% discount for Phala communities to purchase tickets!

About Phala

Phala Network tackles the issue of trust in the computation cloud.

By organizing a decentralized network of computation nodes around the world, it offers high-performance services without relying on any cloud vendor. Phala workers run the programs in Secure Enclaves, a privacy technology already embedded into modern processors, enabling versatile and confidential execution. Together, this creates the infrastructure for a powerful, secure, and scalable trustless computing cloud.

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Phala Crowdloan Reward Strategy Upgrade to 2.0| Phala Weekly Vol. 75 was originally published in Phala Network on Medium, where people are continuing the conversation by highlighting and responding to this story.