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I was asking the same question, the ethereum white paper has answers, check them out. https://ethereum.org/en/whitepaper here are something i found From a technical standpoint, the ledger of a cryptocurrency such as Bitcoin can be thought of as a state transition system, where there is a "state" consisting of the ownership status of all existing ...


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if you're using hardhat + metamask, and seeing this after restarting the node, try resetting your account on metamask: Settings > Advanced > Reset Account.


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