kaal:claim:3405401-002

Narrowly construed, a digital asset is instantiated through computer code and depends on consensus computer algorithms to trigger and validate any transaction in that asset; broadly construed, digital assets extend to items such as video game goods that have no validating consensus algorithm and no comparable security.

Source quote, verbatim

Narrowly construed, digital assets are instantiated through computer code and depend on so-called "consensus computer algorithms" to trigger and validate a transaction in a given digital asset.

From

Wulf A. Kaal, Decentralized Commerce – A Primer on Why Decentralized Reputation Verification Systems Are Needed (2019), I. Introduction, p. 3
https://ssrn.com/abstract=3405401 · source PDF

Cite as

Wulf A. Kaal, Decentralized Commerce – A Primer on Why Decentralized Reputation Verification Systems Are Needed (2019). SSRN: https://ssrn.com/abstract=3405401

Holds when

narrow versus broad construction of the term digital asset

Classification

definitionalsupport: assertedconsensus-and-securityeconomics

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