CIP Browser

This Canton Improvement Proposal (CIP) adds Chainlink as a Super Validator of Weight 7.5, enabling the integration of Chainlink's enterprise-grade oracle infrastructure with the Canton Network Global Synchronizer. Chainlink will provide key services such as Data Streams, Smart Data, and Cross-Chain Interoperability Protocol to Canton users, unlocking new application use cases and value for the Canton network ecosystem. This integration is expected to bring significant benefits to the Canton network, including increased security, scalability, and interoperability.

CIP 0060 adds Zero Hash as a Sovereign Validator (SV) on the Canton network with a weight of 7.5. Zero Hash, a leading infrastructure provider for crypto and stablecoin settlement, will integrate Canton Coin and USDC into their product suite and participate in education, social, and events. This integration is expected to enhance the Canton network's capabilities and user base.

CIP 0059 proposes to add Woodside AI as a Strategic Validator (SV) on the Canton network with a weight of 10. The applicant, Woodside AI, is a self-funded venture studio with a strong track record of developing innovative projects, including Novaprime and The Compute Exchange. To earn the full SV reward, Woodside AI must deliver a commitment from a major general partner for private credit infrastructure on Canton.

This Canton Improvement Proposal (CIP 0058) adds IntellectEU as a Tier 3 Super Validator (SV) with a weight of 1, requiring them to contribute to the Splice repository and implement an escrow mechanism for milestone-based rewards. IntellectEU commits to adding a contributor to Splice, resolving issues at least once a month for a year, and operationalizing the CIP rewards structure. This proposal aims to enhance the Canton Network's infrastructure and governance by leveraging IntellectEU's expertise and resources.

This Canton Improvement Proposal (CIP) adds Quantstamp as a Weight 1 Super Validator, committing to a 3-year audit of the Daml smart contracts governing Canton Coin's tokenomics. Quantstamp will complete an initial audit within 3 months and perform annual audits or upon major codebase upgrades. This ensures the accuracy and legitimacy of Canton Coin's functions, solidifying the Canton Network's reputation in the broader ecosystem.

This Canton Improvement Proposal (CIP) 0056 defines a standard API for Canton Network tokens to enable uniform usage and building on them by wallets and apps. The standard proposes APIs for asset registries, wallets, and apps to manage tokenized assets, including portfolio views, direct peer-to-peer transfers, and delivery versus payment transfers. This standardization aims to facilitate the development of secure and efficient workflows for tokenized real-world assets, prioritizing privacy and control.

This Canton Improvement Proposal (CIP 0055) adds Bitwave as a Weight 1 Super Validator, enhancing decentralization and auditability. Bitwave commits to operating its own Super Validator node and collaborating with the Tokenomics Group to define clear milestones and delivery timelines for its contributions. The proposal aims to facilitate on-chain payments and improve security, privacy, and efficiency for Canton Network participants.

This Canton Improvement Proposal (CIP 0054) adds Figment as a Weight 1 Super Validator, increasing the Global Settlement Facility's (GSF) minting weight by +1 and assigning it to Figment. Figment commits to support Canton in their Validator as a Service product offering within 6 months of approval. This move aims to expand the Canton Network's user footprint by facilitating node distribution and educating Figment's customers about Canton.

This Canton Improvement Proposal, CIP 0053, adds AngelHack as a Strategic Validator (SV) with a weight of 2.5, leveraging their global network of developers to advance the Canton Network's ecosystem. AngelHack will contribute to the Splice open-sourced repository, develop applications to drive network activity, and spearhead initiatives to grow the developer community. This partnership aims to foster innovation and technical excellence in emerging technologies, including blockchain.

Here is a 2-3 sentence summary of the Canton Improvement Proposal: CIP 0052 proposes to add Monstera, a digital asset subsidiary of the Witan Group, as a Super Validator (SV) with a weight of 5. To achieve this, Monstera must integrate new network adopters, including strategic participants from APAC, Middle East, Europe, and LATAM, and execute their first transaction on MainNet within 180 days. Successful completion of this proposal will grant Monstera an extra beneficiary PartyID with an SV weight of 5.

This Canton Improvement Proposal (CIP 0051) streamlines on-chain governance votes by allowing individual configuration value changes, introducing expiration dates for vote proposals, and enabling early rejection of proposals with 2/3 "Reject" votes. The proposal also introduces an "immediate effectivity" option for vote proposals to become effective immediately upon collecting 2/3 "Accept" votes from Super Validator nodes. This change aims to simplify the voting process, reduce errors, and improve the overall governance experience.

CIP 0050 proposes a controlled Validator growth mechanism through trusted operators, allowing existing Validator operators to create up to 10 additional Validators for third-party participants. This approach aims to maintain network stability, provide a direct point of contact for issues, and efficiently utilize existing operators' expertise and infrastructure. By redirecting new Validator applicants to approved existing operators, the proposal ensures a structured and scalable expansion process.

This Canton Improvement Proposal (CIP 0049) aims to enhance network resilience by incentivizing Super Validators to maintain full, cold backups of the network's historical state, stored in secure environments. To achieve this, a minimum of 60% of Super Validators must maintain these backups, and those that do will receive an enhanced reward of approximately 20-30% more than their current rewards. This proposal will bolster decentralization, guarantee data immutability, and ensure the Canton Network's continuous availability.

This Canton Improvement Proposal (CIP 0048) raises the reward minting caps for Validators and application providers by a factor of 200X, increasing the cap from $2.85 USD/round to $570 USD/round for Validators and from $100 to $20,000 for application providers. This change will eliminate minting caps until Canton Coin reaches a conversion rate of $1 USD per Canton Coin. The Super Validators will implement this change via an onchain vote, making it persistent across the current configuration and future steps of the issuance curve.

This Canton Improvement Proposal (CIP 0047) introduces the ability for featured applications to create activity markers without transferring Canton Coin, allowing for rewarding applications that do not inherently involve Canton Coin. The activity markers will have a constant value determined by a new governance parameter, `featuredAppActivityMarkerAmount`, which can be changed through a governance vote. This change will enable more applications to receive rewards without the need for artificial Canton Coin transfers.

CIP 0046 proposes adding Coin Metrics as a Weight 1 Super Validator to the Canton Network. This mechanism involves increasing the Global Super Validator's minting weight by one and assigning it to Coin Metrics, with the expectation that they will operate their own Super Validator within six months. The impact is to integrate Canton MainNet data into Coin Metrics' analytics products, enhancing transparency and providing valuable network and market data to their institutional client base.

CIP 0045 proposes a 2.5 SV weight threshold for Super Validators to operate their own SV node, with those exceeding this threshold required to do so within 6 months or risk forfeiting their SV weight or rights. This change aims to address the "free rider problem" and encourage experienced operators to run their own nodes. The impact will be a more equitable distribution of responsibilities among Super Validators.

This CIP proposes adding Elliptic as a Tier4 SV with a weight of 0.5, increasing the GSF’s minting weight accordingly. Elliptic commits to providing on-chain AML monitoring for CC and USDC transactions within six months and joining as a General Member of the Global Synchronizer Foundation. This aims to enhance institutional participation and de-risk transactions by providing critical AML information for inbound and outbound CC transfers.

This CIP proposes adding TRM Labs as a Weight 2.5 SV to provide on-chain AML monitoring for Canton Coin and USDC transactions, and to engage in regulatory education about Canton's privacy capabilities. TRM Labs commits to integrating CC and USDC with their AML product within six months, and to active regulatory engagement and joining the Global Synchronizer Foundation within 60 days, with penalties for missed milestones. This aims to enhance institutional adoption of Canton Coin by de-risking transactions and addressing regulatory concerns regarding privacy.

This Canton Improvement Proposal aims to maintain a stable price of $1 for typical asset transfers via the Global Synchronizer by adjusting synchronizer fees as needed. The proposal allows Super Validator operators to adjust fees without explicit approval from rights owners to maintain this price level, in response to decreasing transaction costs due to improvements such as the 32% reduction in transaction payload size. By doing so, the proposal ensures that the cost of asset transfers remains stable despite changes in underlying costs, providing a simpler pricing mechanism for users.