Phala Unveils Phat Contract: Advanced Smart Contracts for Web3 Developers

Singapore, Singapore, June 16th, 2023, Chainwire

Phala Network, renowned for its Web3 infrastructure, has introduced Phat Contract, a groundbreaking smart contract solution tailored for blockchain developers. Phat Contract simplifies the process for developers to link a smart contract to nearly any blockchain ecosystem.

Phat Contract operates as an off-chain program on Phala Network. It facilitates the connection of smart contracts, allowing for improved interaction with real-world systems. Designed to close the divide between conventional web2 services and the emerging web3 realm, Phat Contract it ensures seamless integration across both EVM and Substrate blockchains in a trustless environment. This enhances the functionality of smart contracts, allowing them to make meaningful connections beyond the blockchain.

Offering a transformative approach to web3 functions, Phat Contract guarantees effective communication with off-chain data while ensuring information remains secure and reliable. Phala’s solution aims to significantly boost the developmental efficiency for web3 creators, enabling secure off-chain computations. By providing near-zero-cost computations, Phat Contract accelerates the growth and evolution of web3 applications.

Phat Contract empowers developers to create cutting-edge applications. This system is built on Phala’s closed beta, which launched towards the end of 2022 and has been utilized by 48 applications, including Apillon , InvArch , W3A and PrivaDEX . The mainnet version of Phat Contract has brought substantial improvements that enhance user engagement.

The capability to deploy applications without any coding requirements greatly streamlines the deployment process, ultimately boosting productivity. Phat Contracts come equipped with standardized components (Phat Bricks) and customizable frameworks (Blueprints) that simplify the construction of efficient decentralized applications (dApps).

Phat Contract has introduced a customizable LensAPI Oracle Blueprint that requires no programming skills. This feature allows SocialFi users to easily adapt the Oracle to their preferences. Phat Contract realizes the potential to connect any API across the transition from web2 to the web3 ecosystem. Users can step into the realm of Oracle Integration with Phat Contract, making no-code applications a reality.

Phat Contract provides various deployment scenarios to accommodate different user needs. Beginners can effortlessly construct applications using pre-created blueprints, benefitting from the ease of not needing any programming background. More experienced users, who already possess a good understanding of smart contracts and a foundational knowledge of Rust, can tailor the contracts to suit their unique requirements.

Phat Contract allows smart contracts to execute conventional code in languages like JavaScript, TypeScript, and Rust. This empowers them to perform familiar web2 tasks such as calling APIs and executing operations based on the data returned. With Phat Contract, developers have the opportunity to craft innovative applications and can even apply for grants through the Phala builder program .

Phala’s Phat Contract redefines smart contracts, transforming them into powerful mechanisms for automating transactions, decentralizing systems, and establishing trust while engaging with off-chain networks.

About Phala Network

Phala Network serves as a decentralized infrastructure for off-chain computation. Its Phat Contract, built on an off-chain programming model, allows developers to elevate the intelligence of smart contracts.

Contact

Core builder
Ruby Wang
Phala Network