Difference between revisions of "State"
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Revision as of 09:00, 23 January 2022
A set of information that represents the “current state” of a system; determining whether or not a transaction is valid, as well as the effect of a transaction, should in the simplest model depend only on state. Examples of state data include the UTXO set in bitcoin, balances + nonces + code + storage in ethereum, and domain name registry entries in Namecoin.
