Section 17-31-102 - Definitions(a) As used in this chapter: (i) "Blockchain" means as defined in W.S. 34-29-106(g)(i);(ii) "Decentralized autonomous organization" means a limited liability company organized under this chapter;(iii) "Digital asset" means as defined in W.S. 34-29-101(a)(i);(iv) Repealed by Laws 2022, ch. 36, § 2.(v) "Majority of the members" means more than fifty percent (50%) of the membership interests eligible to participate in a vote or any membership interests required pursuant to the decentralized autonomous organization's articles of organization or operating agreement. A person dissociated as a member as set forth in W.S. 17-29-602 shall not be included for the purposes of calculating the majority of the members;(vi) "Membership interest" means a member's ownership right in a decentralized autonomous organization, which may be determined by the organization's articles of organization or operating agreement or ascertainable from a blockchain on which the organization relies to determine a member's ownership right. A membership interest may also be characterized as either a digital security or a digital consumer asset as defined in W.S. 34-29-101, if designated as such in the organization's articles of organization or operating agreement;(vii) "Open blockchain" means a blockchain as defined in W.S. 34-29-106(g)(i) that is publicly accessible and its ledger of transactions is transparent;(viii) Repealed by Laws 2022, ch. 36, § 2.(ix) "Smart contract" means an automated transaction, as defined in W.S. 40-21-102(a)(ii), or any substantially similar analogue, or code, script or programming language relying on a blockchain which may include taking custody of and transferring an asset, administrating membership interest votes with respect to a decentralized autonomous organization or issuing executable instructions for these actions, based on the occurrence or nonoccurrence of specified conditions.(x) "Publicly available identifier" means an address that is available publicly and that identifies a smart contract and may include a uniform resource locator, contract address or other similar reference.Amended by Laws 2023, ch. 108,§ 1, eff. 7/1/2023.Amended by Laws 2022 , ch. 36, § 1 , 2, eff. 3/9/2022.Added by Laws 2021 , ch. 162, § 1, eff. 7/1/2021.