‘Public blockchain’ means an electronic record of transactions or other data which:

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1.  Is uniformly ordered;

2.  Is processed using a decentralized method by which two or more unaffiliated computers or machines verify the recorded transactions or other data;

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.  Is validated by the use of cryptography; and

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

(a) View the network on which the record is maintained; or

(b) Maintain or validate the state of the public blockchain.