• TCR561.71%
  • Recovery mode off
  • BEAM price$0.019938
  • NPH supply22,533.91 NPH
  • Total collateral6,348,604 BEAM
  • Stability pool580.88 NPH
  • Open troves16
  • Block height3,846,980
  • TCR561.71%
  • Recovery mode off
  • BEAM price$0.019938
  • NPH supply22,533.91 NPH
  • Total collateral6,348,604 BEAM
  • Stability pool580.88 NPH
  • Open troves16
  • Block height3,846,980
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Choosing the privacy technology

Because Nephrite is an overcollateralized stablecoin running on smart contracts, it needs a privacy coin network that supports smart contracts.

The only non-native confidential stablecoin project we know of is building on Secret Network. The two questionable points with this type of network are trusted execution environments and PoS consensus. We prefer old-fashioned and battle-tested PoW, closer to bitcoin.

Why Beam

Beam is a confidential PoW network. It utilizes Mimblewimble, an elegant privacy-preserving solution, together with a modified Dandelion protocol for node IP obfuscation.

Beam is the only confidential PoW chain that:

  • Supports smart contracts.
  • Doesn't require third-party frontends to interact with its dApps.

A stablecoin created on Beam via the Confidential Assets feature can have the same level of privacy as the native BEAM token.

These are the reasons why the Nephrite team has chosen Beam as a confidential smart contract platform.

We have chosen a reference stablecoin design and a confidential smart-contract platform — it's time for Nephrite!