Architecture
Forward Protocol’s smart contracts can be deployed in any EVM-compatible blockchains, both Layer 1 and 2. We are an open ecosystem where any developer can contribute to the Smart Contract Template Library. The smart contract developers will profit from the transaction fees charged on the contracts they develop and deploy. This functionality is similar to the “WordPress plugin directory” with its own revenue models.
The Forward team will kickstart the process by creating five core smart contracts, which we believe cover most of the global value transfer situations. The fees on these contracts will be decided by the DAO governance. The primary purpose of these core smart contracts is to track and incentivize value transfer among participants, ensure transparency and trust, and reward preset outcomes.
Database: No off-chain DB; all data will be on-chain. Platforms that deploy the protocol retain the option to replicate the data off-chain.
Last modified 1yr ago