Nev. Rev. Stat. § 719.045

“Blockchain” defined

Find cases: SyfertCases citing this section NRSleg.state.nv.us (official) Justiaon Justia CornellLII Search CasesGoogle Scholar
NRS 719.045  “Blockchain” defined.

      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)