How Does the Concept of a Block ‘Template’ Relate to the Idea of a ‘Draft Prospectus’ in Financial IPOs?

The block 'template' is analogous to a 'draft prospectus' in that both are preliminary documents requiring final validation before being executed. A block template contains the transaction data but needs final PoS signatures.

A draft prospectus (or S-1 filing) contains the company's financial details but needs final regulatory approval and pricing before the Initial Public Offering (IPO) can proceed. Both are initial structures awaiting final approval.