NRS 719.145 “Public blockchain” defined.
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/nv/chapter-719-electronic-transactions-uniform-act/719-145·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 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.