Blockchain State Explained: What It Is and Why It Matters - Hashlock

What is a Blockchain State? 

The state of a blockchain refers to the record and status of all data stored within the network. It encompasses all transactions, account balances, smart contract logic, and any other on-chain data at any specific time. 

Blockchains continuously validate transactions as they are executed by users, decentralized applications (dApps), protocols, smart contracts, and other on-chain actors. 

Thus, the blockchain updates as new transactions are validated and additional data is stored. As a result, the state changes with every transaction, smart contract deployment, execution, and other on-chain activities.

A blockchain’s state represents the current snapshot of all data on the network and encompasses every transaction and on-chain activity that has occurred since inception.

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