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Blockchain State Management

Definition

Blockchain state management involves overseeing and updating all information and conditions recorded on a blockchain. This process includes tracking account balances, smart contract variables, and all other data that defines the current status of the decentralized ledger. Every validated transaction modifies the blockchain’s state, requiring all network participants to agree on the new global state. Efficient state management is crucial for the network’s performance, consistency, and ability to handle increasing transaction volumes.