How Do State Changes in a Smart Contract Get Recorded on the Blockchain?
When a smart contract function is executed, it often modifies the contract's internal state variables. This modification is treated as a transaction.
The resulting state change is bundled into a block, validated by the network, and permanently recorded on the blockchain's distributed ledger, ensuring the new state is immutable.
Glossar
State Change
Transition ⎊ The atomic update of the distributed ledger's state, triggered by the successful validation of a new block, which incorporates all new transactions and modifies account balances or contract storage.
Merkle Patricia Tree
Architecture ⎊ A Merkle Patricia Tree functions as a foundational data structure within cryptocurrency systems, enabling efficient and secure verification of large datasets, particularly transaction records.
State Changes
Transition ⎊ State changes within cryptocurrency, options, and derivatives represent shifts in the underlying conditions governing contract valuation and risk profiles.