Article3 months ago

Phala Network Unveils Role as a Blockchain Co-Processor, Revolutionizing Efficiency and Scalability

Phala Network Unveils Role as a Blockchain Co-Processor, Revolutionizing Efficiency and Scalability
Summary
  • Phala Network is celebrating its fifth anniversary and revealing its role as a blockchain co-processor.
  • The network focuses on improving efficiency and scalability by transferring complex computational tasks from the main blockchain.
  • Phala Network prioritizes democratic governance and community participation in decision-making on integrated AI services, offering new possibilities for decentralized applications through smart contract extension.

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