Article 1 Definitions

‘critical or important functionmeans a critical or important function as defined in Article 3, point (22), of Regulation (EU) 2022/2554;’ means a critical or important functionmeans a critical or important function as defined in Article 3, point (22), of Regulation (EU) 2022/2554; as defined in Article 3, point (22), of Regulation (EU) 2022/2554;

‘permissionless distributed ledgermeans a specific type of distributed ledger in which no entity controls the distributed ledger and DLT network nodes can be set up by any person complying with the technical requirements and the protocols of that distributed ledger.’ means a specific type of distributed ledgermeans an information repository that keeps records of transactions and that is shared across, and synchronised between, a set of DLT network nodes using a consensus mechanism; in which no entity controls the distributed ledgermeans an information repository that keeps records of transactions and that is shared across, and synchronised between, a set of DLT network nodes using a consensus mechanism; and DLT network nodesmeans a device or process that is part of a network and that holds a complete or partial replica of records of all transactions on a distributed ledger; can be set up by any person complying with the technical requirements and the protocols of that distributed ledgermeans an information repository that keeps records of transactions and that is shared across, and synchronised between, a set of DLT network nodes using a consensus mechanism;.