Nev. Rev. Stat. § 719.045

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

Section 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.

NRS 719.045

Added to NRS by 2017, 2572; A 2019, 2819, 2826

Amended by 2019, Ch. 475,§29, eff. 10/1/2019.

Amended by 2019, Ch. 474,§7, eff. 10/1/2019.

Added by 2017, Ch. 391,§1, eff. 6/5/2017.