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ETHEREUM: A SECURE DECENTRALISED GENERALISED TRANSACTION LEDGER SHANGHAI VERSION efc5f9a – 2025-02-04 DR. GAVIN WOOD FOUNDER, ETHEREUM & PARITY GAVIN@PARITY.IO Abstract. The blockchain paradigm when coupled with cryptographically-secured transactions has demonstrated its utility through a number of projects, with Bitcoin being one of the most notable ones. Each such project can be seen as a simple