Too Long; Didn't Read
Last week <a href="https://medium.com/@jrodthoughts/why-security-token-need-a-different-type-of-consensus-9a952ff321b4" target="_blank">I wrote about the need for a different consensus model for security token protocols</a>. The article triggered a lot of interesting debates between thought leaders in the security token community, so I’ve decided to dig a bit deeper into some of the ideas. Before I go any further, I should say that I don’t see a clear path to implement any of these ideas in proof-of-work networks like Ethereum. As you might know, <a href="https://hackernoon.com/the-case-against-security-tokens-in-ethereum-cc08e0b00c2f" target="_blank">I don’t believe the current version Ethereum is the greatest fit to model sophisticated security token transactions</a>. Also, the ideas presented this are just the result of some high level analysis on this problem and are likely to have a few flaws. However, hopefully they can serve as a starting point for what I consider is an important aspect in the future of crypto-securities.