March 2018
Beginner to intermediate
656 pages
20h 9m
English
Content preview from Mastering Blockchain - Second Edition
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State objects
State objects represent the smallest unit of data that represent a financial agreement. They are created or deleted as a result of a transaction execution. They refer to contract code and legal prose. Legal prose is optional and provides legal binding to the contract. However, contract code is mandatory in order to manage the state of the object. It is required in order to provide a state transition mechanism for the node according to the business logic defined in the contract code. State objects contain a data structure that represents the current state of the object. A state object can be either current (live) or historic (no longer valid).
For example, in the following diagram, a state object represents the current state ...