1. 1. “Blockchain” means an electronic record of transactions or other data which is:

   1. (a) Uniformly ordered;
   2. (b) Processed using a decentralized method by which one or more computers or machines verify the recorded transactions or other data;
   3. (c) Redundantly maintained by one or more computers or machines to guarantee the consistency or nonrepudiation of the recorded transactions or other data; and
   4. (d) Validated by the use of cryptography.
2. 2. The term includes, without limitation, a public blockchain.

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