CIP Browser

The Canton Improvement Proposal (CIP) aims to establish a subgroup of Super Validators called the Featured Application and Validator Committee (FAV-C) to review and vote on applications for the Featured Application designation. This subgroup will consolidate the Validator Committee and its functions, and will be responsible for establishing processes for becoming a Featured Application and making binding decisions regarding Featured Application designations. The FAV-C will operate with a limited size for efficiency purposes and will be subject to review and voting via standard governance mechanisms at least every 12 months.

This Canton Improvement Proposal aims to reduce the read scaling factor from 200 basis points to 4 basis points, lowering the charge for delivering messages to recipients. The proposed change is intended to alleviate the current fee structure that is blocking new nodes from joining the network, as the cost of publishing vetting information to existing participant nodes is using up the free tier. By reducing the read scaling factor, Validators will be able to continue joining the network without being hindered by excessive costs.

This Canton Improvement Proposal aims to add a new entity, currently referred to as 7RIDGE, as a Tier 1 Super Validator with a weight of 10, which will be represented by a newly formed company held by a 7RIDGE managed fund. The addition of 7RIDGE will increase the Foundation node's weight to account for the new Super Validator, with 7RIDGE initially joining the launch on the Foundation's multi-tenant node and later taking over operations of its own Super Validator. The proposed changes will result in an updated weight distribution among the Super Validators, with the Global-Synchronizer-Foundation node's weight increasing to 44.0000 to reflect the addition of 7RIDGE.

This Canton Improvement Proposal, CIP-0018, aims to add Tradeweb as a Tier 1 Super Validator with a weight of 10, increasing the Foundation node weight to account for Tradeweb's participation. Tradeweb will initially join on the Foundation's multi-tenant node and later take over operations of their own Super Validator after launch, with 10 weight of the total Super Validator minting weight designated to them. The proposal adjusts the weight distribution among Super Validators, with the Foundation node's weight increasing to 34 to accommodate Tradeweb's addition.

This Canton Improvement Proposal (CIP-0014) aims to implement API changes to enhance the Canton Coin Scan API, allowing for more precise accounting of pending locks, holding fees, and Canton Coin burns. The proposed changes would be made available to Super Validators on June 10th, 2024, and if approved, would lead to a revised launch timeline with a target go-live date of June 25th, 2024. The approval of this proposal would require a two-thirds majority vote from the Super Validators, and if successful, would initiate the final nine-day launch process on June 18th, 2024.

This Canton Improvement Proposal, CIP-0013, aims to correct an error in the Daml models that allowed Super Validators to mint more Canton Coin than their allocated share after being removed and returned to the quorum. The proposed fix updates the re-onboarding process to reuse existing reward state contracts instead of creating new ones, preventing duplicate minting of rewards. By implementing this change, the network can ensure accurate reward issuance and maintain the integrity of the Canton Coin allocation process.

CIP-0012 proposes minor adjustments to Canton Coin processing and operational configuration on the Global Synchronizer, identified during MainNet staging rehearsals. Specifically, it addresses a rounding error in holding fee calculations and a round stall fault, which require changes to Daml model code and on-chain configuration. The proposal seeks Super Validator rights owners' approval for these fixes to be implemented via two separate on-chain governance votes, enabling a new MainNet launch date of June 11th.

CIP-0008 proposes to double the amount of free traffic available on DevNet by increasing the "burst amount" within the free traffic window. This adjustment is necessary because the current free traffic allocation, set by CIP-0002, is insufficient for application developers and new validators to complete essential transactions like purchasing additional traffic. The change aims to facilitate development and network participation without entirely eliminating the need for users to manage a traffic balance.

CIP-0006 establishes a temporary process for allocating the initial 200 Validator rights and approving applications for MainNet launch, delegating these responsibilities to a 3-person Super Validator Council (SVC) working group until the Foundation is operational. It also defines conditions and a process for revoking Validator rights if they remain inactive. CIP-0007 incentivizes Super Validators (SVs) to onboard new Validators and applications by allocating additional Validator rights based on their tier and offering extra SV reward weight for successful referrals. This aims to bootstrap the early ecosystem by leveraging SVs for network growth and adoption.

CIP-0006 establishes a temporary process for allocating the initial 200 Validator rights and approving applications for MainNet launch, delegating this responsibility to a 3-person Super Validator Council (SVC) working group until the Foundation is operational. It also defines conditions and a process for revoking Validator rights due to inactivity. CIP-0007 proposes an incentive mechanism where Super Validators (SVs) can earn additional reward weight and are allocated a specific number of Validator rights for successfully onboarding new Validators and applications to the Canton Network within the first 12 months post-MainNet launch.

CIP 0001 proposes to remove the time-based delays for Super Validator (SV) tiers, allowing all qualified SVs to operate from day one. This aims to increase the number of active validators at launch, enhancing network robustness and decentralization. The proposal introduces a weighted reward mechanism to differentiate earnings across tiers, replacing the previous time-delay system.

CIP 0001 proposes to eliminate the time-delayed launch of Super Validator (SV) tiers, allowing all qualified SVs to operate from day one. This change aims to increase the number of active validators at launch, enhancing network robustness and decentralization, especially given current market conditions affecting Tier 1 allocation. The proposal introduces a weighted reward mechanism across tiers to maintain differentiated incentives while enabling broader immediate participation.

CIP 0000 establishes the formal Canton Improvement Process for the Global Synchronizer, outlining the stages from initial draft to final approval. It defines how new operating procedures, both on-chain and off-chain, are proposed, discussed, and voted upon by the Canton Network community. This process ensures standardized development and implementation of changes affecting the Global Synchronizer, requiring community consensus and, for on-chain changes, a two-thirds majority of Super Validator Node Operators.