ETHEREUM: A SECURE DECENTRALISED GENERALISED …
Ethereum, taken as a whole, can be viewed as a transaction-based state machine: we begin with a gen-esis state and incrementally execute transactions to morph it into some current state. It is this current state which we accept as the canonical \version" of the world of Ethereum. The state can include such information as account bal-
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ETHEREUM: A SECURE DECENTRALISED GENERALISED …
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