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DSM: Decentralized State Machine - Solving the "Double Spend Problem" without the need for global consensus, unlocking a new paradigm

Summary by Ethereum Research
TL;DR: Hereafter, I present DSM (Decentralized State Machine), a cryptographic system model that enforces double-spend impossibility and device unclonability without global consensus or centralized trust. Security deriv…
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Ethereum Research broke the news in on Saturday, June 21, 2025.
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