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2022 Nevada Revised Statutes
Chapter 719 - Electronic Transactions (Uniform Act)
NRS 719.145 - "Public blockchain" defined.
Universal Citation: NV Rev Stat § 719.145 (2022)
"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.
(Added to NRS by 2019, 2818, 2825)
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