# kaal:claim:3002908-016

**Claim.** In the decentralized DLT model, distributed consensus replaces the trusted central validation system, substituting cryptographic solutions and economic incentives for a central validator.

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

**Source quote.**

> In the decentralized DLT model, "distributed consensus" replaces the trusted central validation system.

**From.** Wulf A. Kaal, Marco Dell'Erba, *Blockchain Innovation in Private Investment Funds - A Comparative Analysis of the United States and* (2017), II.1. Distributed Consensus, page 7

**Cite as.** Wulf A. Kaal, Marco Dell'Erba, Blockchain Innovation in Private Investment Funds - A Comparative Analysis of the United States and (2017). SSRN: https://ssrn.com/abstract=3002908

**Verify.** sha256 of source PDF `06a7b61e75f905ee07e422e875d83a65c5033a248a6e05a213523b034e5db534` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Dell%27Erba%20-%202017%20-%20Blockchain%20Innovation%20in%20Private%20Investment%20Funds%20-%20A%20Comparative%20Analysis%20of%20the%20United%20States%20and.pdf

**Topics.** consensus-and-security, citation-and-knowledge, risk-and-incentives

**Keywords.** consensus, validation, cryptography, incentives

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