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ETHEREUM: A SECURE DECENTRALISED GENERALISED …

ETHEREUM: A SECURE DECENTRALISED GENERALISED …

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balance without an equal and opposite increase elsewhere. A valid state transition is one which comes about through a transaction. Formally: (1) ˙ t+1 ( ˙ t;T) where is the Ethereum state transition function. In Ethereum, , together with ˙are considerably more pow-erful than any existing comparable system; allows com-

  Ethereum, Elsewhere

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