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.
Source quote, verbatim
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.
From
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
Cite as
Wulf A. Kaal, Blockchain Applications and Fee Structure Developments in Private Investment Funds (2017). SSRN: https://ssrn.com/abstract=2959730
Holds when
distributed consensus models with node verification prior to execution
Classification
mechanismsupport: arguedconsensus-and-security
Related claims
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