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Nevada Revised Statutes Title 59. Electronic Records and Transactions § 719.145. “Public blockchain” defined

Current as of January 01, 2025 | Updated by Findlaw Staff

“Public blockchain” means an electronic record of transactions or other data which:

1. Is uniformly ordered;

2. Is processed using a decentralized method by which two or more unaffiliated computers or machines verify the recorded transactions or other data;

3. Is redundantly maintained by two or more unaffiliated computers or machines to guarantee the consistency or nonrepudiation of the recorded transactions or other data;

4. Is validated by the use of cryptography; and

5. Does not restrict the ability of any computer or machine to:

(a) View the network on which the record is maintained; or

(b) Maintain or validate the state of the public blockchain.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 59. Electronic Records and Transactions § 719.145. “Public blockchain” defined - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-59-electronic-records-and-transactions/nv-rev-st-719-145/

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