“Public blockchain” means an electronic record of transactions or other data which:

1. 1. Is uniformly ordered;
2. 2. Is processed using a decentralized method by which two or more unaffiliated computers or machines verify the recorded transactions or other data;
3. 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. 4. Is validated by the use of cryptography; and

5. 5. Does not restrict the ability of any computer or machine to:

   1. (a) View the network on which the record is maintained; or
   2. (b) Maintain or validate the state of the public blockchain.

(Added to NRS by 2019, 2818, 2825)