kaal:claim:3411897-018

It is the completely decentralized network connectivity via the internet, not blockchain's digital signatures, that provides the greatest protection against fraud, because connectivity puts multiple copies of the chain in the hands of all participants.

While blockchain's use of digital signatures helps establish the identity and authenticity of the parties involved in the transaction, it is the completely decentralized network connectivity via the internet that allows the most protection against fraud.

Wulf A. Kaal, Decentralization - Past, Present, and Future (2019), Part 2: The Present, The Brave New World of Decentralization, p. 25
https://ssrn.com/abstract=3411897 · source PDF

Wulf A. Kaal, Decentralization - Past, Present, and Future (2019). SSRN: https://ssrn.com/abstract=3411897

• applies to fully distributed public blockchains

mechanismsupport: arguedblockchain

• restates kaal:claim:3373393-022 It is decentralized network connectivity via the Internet, rather than blockchain's use of digital signatures,...
• extends kaal:claim:2939127-016 It is the completely decentralized network connectivity of the blockchain via the Internet, more than the use ...
• extends kaal:claim:3227933-014 Network connectivity is what makes blockchain records practically immutable, because it allows multiple identi...

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