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Phala Joins the IoTeX 2.0 as the Verifiable Compute Module

Twitter icon  •  Published 5 months ago on July 31, 2024  •  Hassan Maishera

The IoTeX team announced via X on Monday that Phala has joined the IoTeX 2.0 modular DePIN infrastructure as the verifiable compute module.

Phala Joins the IoTeX 2.0 as the Verifiable Compute Module

The IoTeX team announced via X on Monday that Phala has joined the IoTeX 2.0 modular DePIN infrastructure as the verifiable compute module. Phala leverages Trusted Execution Environments (TEEs) for secure DePIN verification.

TEEs are a secure enclave in DePIN devices, safeguarding sensitive data and ensuring integrity when generating proofs of real-world activity. W3bstream, IoTeX's off-chain computing protocol, lets users leverage TEEs alongside ZK provers.

IoTeX's mission is to be a privacy-centric blockchain managing the entire information lifecycle of an Internet of Things (IoT) network, including data collection, transport, storage, and utilization. IOTX is down by 1.7% today and is currently trading at $0.04239. 

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.