Smart Contract RFC
Draft RFC describing how smart contracts could automate settlement flows.
Draft scope
Automation
Settlement and escrow flows
Interoperability
Optional integration points
RFC 0004: Smart Contract Integration
Summary
Define optional smart-contract interfaces for automated settlement and auditability.
Status
Draft
Motivation
Nodes have requested programmable settlement guarantees for cross-node exchanges.
Goals
- Standardize contract interfaces for LoopCoin settlement.
- Preserve non-blockchain deployments as first-class.
Non-Goals
- Mandating a specific blockchain implementation.
- Replacing existing node-to-node settlement.
Proposal
TBD. This RFC will define contract interfaces, event schemas, and lifecycle hooks.
Backwards Compatibility
Optional feature. Nodes without smart-contract support remain compliant.
Security Considerations
Contracts must be audited and include upgrade and emergency pause mechanisms.
Privacy Considerations
No personal data should be published on-chain.
Alternatives Considered
TBD.
Open Questions
- Which chain(s) should be considered for reference implementations?
- How should disputes be resolved for contract-based settlements?