{"data":{"id":"us-ar/ark.-code-ann.-14-1-603","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 14-1-603","heading":"Definitions","body":"As used in this subchapter: (1) \"Blockchain network\" means a group of computers operating and processing together to execute a consensus mechanism to agree upon and verify data in a digital record; (2) \"Digital asset\" means cryptocurrency, virtual currency, and natively electronic assets, including without limitation stable coins, nonfungible tokens, and other digital-only assets, that confer economic, proprietary, or access rights or powers; (3) \"Digital asset miner\" is an individual who mines for digital assets; (4) \"Digital asset mining\" means use of electricity to power a computer for the purpose of securing or validating a blockchain network; (5) \"Digital asset mining business\" means a group of computers working at a single site that consumes more than one megawatt (1 MW) on an average annual basis for the purpose of generating digital assets by securing a blockchain network; (6) \"Home digital asset mining\" means mining digital assets in areas zoned for residential use; (7) \"Legislative body\" means the quorum court of a county or the city council, board of directors, board of commissioners, or similarly elected governing body of local government; (8) \"Local government\" means a county, a city of the first class, a city of the second class, or an incorporated town; (9) (A) \"Node\" means a computational device that contains a copy of blockchain-distributed ledger technology. (B) \"Node\" includes a series; (10) \"Ordinance\" means an ordinance, resolution, or other appropriate legislative enactment of a legislative body ; (11) \"Person\" means an individual or legal entity; and (12) \"Residence\" means a permanent dwelling place, unit, or accessory structure. Amended by Act 2024, No. 173,§ 1, eff. 5/3/2024. Added by Act 2023, No. 851,§ 1, eff. 8/1/2023.\n\nAs used in this subchapter:\n\n(1) \"Blockchain network\" means a group of computers operating and processing together to execute a consensus mechanism to agree upon and verify data in a digital record;\n\n(2) \"Digital asset\" means cryptocurrency, virtual currency, and natively electronic assets, including without limitation stable coins, nonfungible tokens, and other digital-only assets, that confer economic, proprietary, or access rights or powers;\n\n(3) \"Digital asset miner\" is an individual who mines for digital assets;\n\n(4) \"Digital asset mining\" means use of electricity to power a computer for the purpose of securing or validating a blockchain network;\n\n(5) \"Digital asset mining business\" means a group of computers working at a single site that consumes more than one megawatt (1 MW) on an average annual basis for the purpose of generating digital assets by securing a blockchain network;\n\n(6) \"Home digital asset mining\" means mining digital assets in areas zoned for residential use;\n\n(7) \"Legislative body\" means the quorum court of a county or the city council, board of directors, board of commissioners, or similarly elected governing body of local government;\n\n(8) \"Local government\" means a county, a city of the first class, a city of the second class, or an incorporated town;\n\n(9) (A) \"Node\" means a computational device that contains a copy of blockchain-distributed ledger technology. (B) \"Node\" includes a series;\n\n(A) \"Node\" means a computational device that contains a copy of blockchain-distributed ledger technology.\n\n(B) \"Node\" includes a series;\n\n(10) \"Ordinance\" means an ordinance, resolution, or other appropriate legislative enactment of a legislative body ;\n\n;\n\n(11) \"Person\" means an individual or legal entity; and\n\n(12) \"Residence\" means a permanent dwelling place, unit, or accessory structure.","path":["AR Code","Title 14","Chapter 1","Subchapter 6"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"3b118f26612820c104afab8d512ca1dba24db07982053810aa9533c8bc624b45","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-14-1-602","next":"us-ar/ark.-code-ann.-14-1-604"},"notice":"GroundRules: Original legal text. Not legal advice."}