Kaspa finalizes 3 standards for native tokens and covenant apps

Kaspa’s KCC Coordination Forum has finalized three standards covering covenant interfaces, authorization, and fungible tokens, establishing shared specifications for developers building applications on the network. KCC-1 defines shared interfaces for wallets, compilers, indexers, and other tools working with covenants. KCC-2 specifies five standard authorization schemes, including public keys, scripts, and covenant identifiers. KCC-20 sets token transfer rules and supports receiving tokens through an existing compatible output. Finalization establishes ecosystem conventions without changing consensus rules or requiring every participant to adopt them. KCC Coordination Forum said in an Oct.

Source: crypto.news