"Blockchain" defined.

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1. "Blockchain" means an electronic record of transactions or other data which is:

(a) Uniformly ordered;

(b) Processed using a decentralized method by which one or more computers or machines verify the recorded transactions or other data;

(c) Redundantly maintained by one or more computers or machines to guarantee the consistency or nonrepudiation of the recorded transactions or other data; and

(d) Validated by the use of cryptography.

2. The term includes, without limitation, a public blockchain.

(Added to NRS by 2017, 2572; A 2019, 2819, 2826)


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