NRS 719.045 - “Blockchain” defined.

NV Rev Stat § 719.045 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

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)