What is a security token? (And what it is not?) — Part 1

1 security token = 1 share or unit.

  • The recipient of the message
  • A signature identifying the sender
  • The amount of ether to transfer from the sender to the recipient
  • An optional data field
  • A STARTGAS value, representing the maximum number of computational steps the transaction execution is allowed to take
  • A GASPRICE value, representing the fee the sender pays per computational step
  1. a securities book, which tracks the change in balances of the shares (or units) in question; and
  2. a cash book, which tracks the change in balances of your cash.

Putting securities on the blockchain is security tokenization.

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