kaal:claim:3071378-004

Because network nodes verify and validate chain transactions before execution under a distributed consensus model, recording a fraudulent transaction on the blockchain is extremely rare.

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.34

Wulf A. Kaal, Blockchain Technology and Race in Corporate America (2017), II. Blockchain Technology, p. 8
https://ssrn.com/abstract=3071378 · source PDF

Wulf A. Kaal, Blockchain Technology and Race in Corporate America (2017). SSRN: https://ssrn.com/abstract=3071378

• distributed consensus with node verification before execution

mechanismsupport: arguedconsensus-and-securityblockchain

• restated_by kaal:claim:3709041-005 Because individual network nodes verify and validate transactions before execution under the distributed conse...
• 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:4021599-004 Blockchain's distributed consensus model makes fraudulent transactions much less likely to be recorded because...
• restates kaal:claim:2959730-019 Blockchain's distributed consensus model, in which network nodes verify and validate chain transactions before...
• extended_by kaal:claim:3227967-018 Because blockchain network nodes verify, validate and audit transactions both before and after execution, the ...
• extended_by kaal:claim:3227933-013 Peer-to-peer transactions are possible because a distributed consensus model has network nodes verify, validat...
• restates kaal:claim:2939127-017 Blockchain's distributed consensus model permits node verification of transactions without compromising the pr...

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