# kaal:claim:3405401-002

**Claim.** 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.

**Type.** definitional  **Support.** asserted

**Holds when.**

- narrow versus broad construction of the term digital asset

**Source quote.**

> 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, page 3

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

**Verify.** sha256 of source PDF `bc2d6f0ddc0852fb4085c4543c7c1dec19aaf8745eb67e3acc637e552bd7fb7d` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Decentralized%20Commerce%20%E2%80%93%20A%20Primer%20on%20Why%20Decentralized%20Reputation%20Verification%20Systems%20Are%20Needed.pdf

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

**Keywords.** digital-assets, consensus-algorithms, definition, crypto-economics

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