kaal:claim:2959730-019

Blockchain's distributed consensus model, in which network nodes verify and validate chain transactions before execution, makes it extremely rare for a fraudulent transaction to be recorded in the blockchain.

Blockchain's distributed consensus model, e.g., the network "nodes" verify and validate chain transactions before execution of the transactions, makes it extremely rare for a fraudulent transaction to be recorded in the blockchain.

Wulf A. Kaal, Blockchain Applications and Fee Structure Developments in Private Investment Funds (2017), IV. Blockchain Technology, p. 10
https://ssrn.com/abstract=2959730 · source PDF

Wulf A. Kaal, Blockchain Applications and Fee Structure Developments in Private Investment Funds (2017). SSRN: https://ssrn.com/abstract=2959730

• distributed consensus models with node verification prior to execution

mechanismsupport: arguedconsensus-and-security

• extended_by kaal:claim:3373393-023 The distributed consensus model, in which network nodes verify and validate transactions before execution, mak...
• restated_by kaal:claim:3071378-004 Because network nodes verify and validate chain transactions before execution under a distributed consensus mo...
• restated_by kaal:claim:4021599-004 Blockchain's distributed consensus model makes fraudulent transactions much less likely to be recorded because...
• restated_by kaal:claim:3709041-005 Because individual network nodes verify and validate transactions before execution under the distributed conse...
• extended_by kaal:claim:3227967-018 Because blockchain network nodes verify, validate and audit transactions both before and after execution, the ...
• restated_by kaal:claim:3227933-013 Peer-to-peer transactions are possible because a distributed consensus model has network nodes verify, validat...

The quote above is an exact substring of the source PDF, whose sha256 is ebd86972d8817b0c1c80326ae5564476983cedba3f258ff3b2610f156b93fb50. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/3a3e230d391a26a6...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2959730-019.md | sha256sum