Nev. Rev. Stat. § 719.145

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 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.

NRS 719.145

Added to NRS by 2019, 2818, 2825

Added by 2019, Ch. 475,§25, eff. 10/1/2019.

Added by 2019, Ch. 474,§2, eff. 10/1/2019.