Marvin Tong is the co-founder of the Phala Network the first smart contract (Fat contract) on Polkadot.
Phala aims to be the world’s largest person-to-person computing network that is cloud-based and decentralized. One that features a developer-friendly protocol, low latency, high performance, and data confidentiality.
At the Blockdown 2022 conference in Croatia, we sat down with Marvin, to talk about the Phala Network and what he see’s the future of the blockchain to be.
Founded by Marvin, former Google senior developer Hang Yin, and games veteran Zhe Wang, the Phala Network has been expanding and growing rapidly under the watchful eye of its executives as they target metaverse use cases for their protocol:
“We have 10k servers running at the moment waiting online just to be used, like cloud servers.”
“So since last year, we realized, that we need to gather more attention to grow our usage and figure out who in the web server business needs to use the decentralized cloud.”
“We realized, that companies may need a lot of computation power. So that’s why we began to target our Metaverse use cases last year.”
Those use cases include the likes of The Sandbox, Decentraland, and other big metaverses which will continue to onboard more and more users, but lack the server size to sustain them:
“People are using very, very small size web services in their games. And the metaverse is pretty centralized. There are not enough web services to be used to support that.”
Explaining the need for larger servers and the Phala Network use case, Marvin continued by demonstrating the types of resources that make up cloud computing, that being data storage in the form of SSD and a CPU and GPU that executes and renders the programming.
Diving into technicality further, Marvin explained how the Phala Network differs from other smart contracts on the market:
“That’s our value, what we are building, you can almost put the whole game engine I just mentioned into low latency. Smart contracts in general are screen options. So if you want to execute the game engine inside smart contracts, it’s impossible. It’s just too different.”
“So you need a bigger environment running it. That’s the difference between normal smart contracts and ours, we can provide this through low latency at a large scale.”
Of course, Marvin is right, as the “metaverses” scale they will need much larger servers to accommodate their needs, and the Phala Network is providing this through their unique smart contract that serves web3 backend services, unlike any other.
For more information about the Phala Network, you can visit its website.