#1 Khala Runtime Upgrade — Enable Secure Worker Mining and Token Staking
Proposal Overview
This runtime upgrade consists of the following changes:
- Launch Secure worker mining system built based on Konstantin Shamruk’s “Phala Economics White Paper V0.9” theory.
- Launch token staking for Secure workers.
- Mining Pallets code review: https://github.com/Phala-Network/khala-parachain/tree/main/pallets/phala/src
On-chain Info
The proposal 0x73137537e3264f04e0de2ee8dc7e61adaa403173f2660e97d38cb8bd5b8993b0 is now available on the Polkadot.js app:
here will be a 5-day Voting Period and 8-day Enactment Period before the execution. To learn more about how to participate in our democratic structures, please read:
https://wiki.phala.network/en-us/docs/governance/1-participate-in-democracy/
- Preimage: 0x73137537e3264f04e0de2ee8dc7e61adaa403173f2660e97d38cb8bd5b8993b0
- Hash: 0x73137537e3264f04e0de2ee8dc7e61adaa403173f2660e97d38cb8bd5b8993b0
- Release page: https://github.com/Phala-Network/khala-parachain/compare/v0.0.15...v0.0.16
- Runtime Wasm: QmTqW6YNjvC7eF5gq4tepgJqtyuS3byz5jvcth3phv44mK
Proposal Description
1. Secure worker mining tokenomic
Reading | Phala Network Economic Paper Preview
2. Staking
Reading | Phala TEE Mining Staking Design
About Phala
Phala Network tackles the issue of trust in the computation cloud.
This blockchain is a trustless computation platform that enables massive cloud processing without sacrificing data confidentiality. Built around TEE-based privacy technology already embedded into modern processors, Phala Network’s distributed computing cloud is versatile and confidential. By separating the consensus mechanism from computation, Phala ensures processing power is highly scalable but not wasteful. Together, this creates the infrastructure for a powerful, secure, and scalable trustless computing cloud.
As a member parachain of the Polkadot cross-chain ecosystem, Phala will be able to provide computing power to other blockchain applications while protecting the data layer, enabling possibilities like privacy-protected DeFi trading positions and transaction history, co-computing DID confidential data, developing light-node cross-chain bridges, and more.
On-chain services currently being developed on Phala Network include Web3 Analytics: high-performance smart contracts from Phala to enable highly concurrent mass data analytics with privacy, paving the way for an alternative to Google Analytics that inherently respects individual confidentiality.
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#1 Khala Runtime Upgrade —Enable Secure Worker Mining and Token Staking was originally published in Phala Network on Medium, where people are continuing the conversation by highlighting and responding to this story.
