Define hazards?
expand FSM
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A hazard is a potential source of harm. Substances, events, or circumstances can constitute hazards when their nature would allow them, even just theoretically, to cause damage to health, life, property, or any other interest of value
Basically a FSM consists of combinational, sequential and output logic. Combinational logic is used to decide the next state of the FSM, sequential logic is used to store the current state of the FSM. The output logic is a mixture of both combo and seq logic as shown in the figure below.
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