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Instead of a distributed ledger, Ethereum is a distributed [state machine](https://wikipedia.org/wiki/Finite-state_machine). Ethereum's state is a large data structure which holds not only all accounts and balances, but a _machine state_, which can change from block to block according ...
Instead of a distributed ledger, Ethereum is a distributed [state machine](https://wikipedia.org/wiki/Finite-state_machine). Ethereum's state is a large data structure which holds not only all accounts and balances, but a _machine state_, which can change from block to block according...