# kaal:claim:3071378-004

**Claim.** 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.

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

**Holds when.**

- distributed consensus with node verification before 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.34

**From.** Wulf A. Kaal, *Blockchain Technology and Race in Corporate America* (2017), II. Blockchain Technology, page 8

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

**Verify.** sha256 of source PDF `125f01674d13b6bb0310c4be7a20ff538dccbc36ecf352770b3c580028387edd` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Blockchain%20Technology%20and%20Race%20in%20Corporate%20America.pdf

**Topics.** consensus-and-security, blockchain

**Keywords.** consensus-model, node-verification, fraud-prevention, blockchain

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/3709041-005
- extended_by: https://wulfkaal.github.io/claims/3373393-023
- restated_by: https://wulfkaal.github.io/claims/4021599-004
- restates: https://wulfkaal.github.io/claims/2959730-019
- extended_by: https://wulfkaal.github.io/claims/3227967-018
- extended_by: https://wulfkaal.github.io/claims/3227933-013
- restates: https://wulfkaal.github.io/claims/2939127-017

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