In the previous chapters, we learned the core fundamental concepts of the security token and we also understood a lot about digital tokens under US security law.
Regulation is fundamental to the running of financial systems. It protects investors from the uncertainties of the markets and creates stability. Security tokens are designed to connect two very different worlds between blockchain smart contracts and regulated finance. Smart contracts can apply regulation rules on security tokens.
In this chapter, we will overview popular security token protocols and understand how regulation rules can be enforced at the smart contract level. We will also cover Ethereum smart contract basics—solidity programming. This chapter is organized around three major topics, as follows:
- ERC-20 and ERC-721 tokens
- Security token technical design overview
- Introduction...
