Cardano outlined two new proposals in its Nov. 1 Cardano Improvement Proposal, or CIP, summary, with one focused on regulated stablecoins and the other on quantum-resistant signatures. According to the update cited by Crypto.news, the stablecoin draft is designed to set common compliance requirements for wallet providers so they can support multiple programmable tokens. A separate proposal, CIP-0206, would add two quantum-resistant signature verification functions to the Plutus smart contract platform. Those functions are based on algorithms standardized by the U.S. National Institute of Standards and Technology, or NIST. The summary points to compliance tooling on one side and cryptographic upgrades on the other, both within Cardano’s proposal pipeline released on Nov. 1.
Cardano’s Nov. 1 Cardano Improvement Proposal (CIP) summary outlined two new proposals covering regulated stablecoins and quantum-resistant signatures.
One stablecoin draft is intended to establish common compliance requirements for wallet providers so they can support multiple programmable tokens.
A separate proposal, CIP-0206, would introduce two quantum-resistant signature verification functions to the Plutus smart contract platform. The functions are based on algorithms standardized by the U.S. National Institute of Standards and Technology (NIST).
The update was cited by Crypto.news.
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