# kaal:claim:2959730-019

**Claim.** 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.

**Type.** mechanism  **Support.** argued

**Holds when.**

- distributed consensus models with node verification prior to execution

**Source quote.**

> 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, page 10

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

**Verify.** sha256 of source PDF `ebd86972d8817b0c1c80326ae5564476983cedba3f258ff3b2610f156b93fb50` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Blockchain%20Applications%20and%20Fee%20Structure%20Developments%20in%20Private%20Investment%20Funds.pdf

**Topics.** consensus-and-security

**Keywords.** consensus, intermediaries, privacy, transaction-validation

**Related claims.**

- extended_by: https://wulfkaal.github.io/claims/3373393-023
- restated_by: https://wulfkaal.github.io/claims/3071378-004
- restated_by: https://wulfkaal.github.io/claims/4021599-004
- restated_by: https://wulfkaal.github.io/claims/3709041-005
- extended_by: https://wulfkaal.github.io/claims/3227967-018
- restated_by: https://wulfkaal.github.io/claims/3227933-013

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.