Nevada Electronic Records and Transactions
Sec. § 719.145
“Public blockchain” defined.


“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.
Source
Last accessed
Jul. 8, 2020