📣 Creators, Exciting News!
Gate Square Certified Creator Application Is Now Live!
How to apply:
1️⃣ Open App → Tap [Square] at the bottom → Click your avatar in the top right
2️⃣ Tap [Get Certified] under your avatar
3️⃣ Once approved, you’ll get an exclusive verified badge that highlights your credibility and expertise!
Note: You need to update App to version 7.25.0 or above to apply.
The application channel is now open to KOLs, project teams, media, and business partners!
Super low threshold, just 500 followers + active posting to apply!
At Gate Square, everyone can be a community leader! �
Parachain Polkadot Phala votes to fully transition to Ethereum L2
The Phala parachain network of Polkadot will transition to become a Layer 2 on Ethereum after the community approves the proposal to expand computing capacity for enterprise customers. According to the announcement, Phala token holders (PHA) will receive a new ERC-20 version at a 1:1 ratio, with the conversion process starting before November 20. Staking, rewards, and governance activities will continue seamlessly on the new platform.
Phala, a decentralized cloud computing network supporting AI, stated that transitioning to Ethereum would enhance scalability, security, and leverage a more robust EVM ecosystem. This proposal was submitted on September 27, arguing that maintaining a parachain on Polkadot would hinder development and consume many resources. Currently, the PHALA token has a market capitalization of approximately 80.6 million USD, ranking among the top 50 largest AI-related cryptocurrencies, according to data from CoinGecko.