An Introduction to Ethereum Virtual Machine (EVM)

Whenever we hear about EVM, the first thing that clicks to your mind is the “electronic voting machine” especially if you are Indian. But today we will be learning about the concept of EVM in terms of our DeFi world which is different and has nothing to do with the voting machine. Anyways, the actual meaning of EVM in the crypto-world, as the title suggests, is “Ethereum Virtual Machine”.

What is an Ethereum Virtual Machine (EVM)?

We know that various DeFi platforms provide many kinds of tools to enable the user to perform the desired tasks. Similarly, Ethereum Virtual Machine or EVM is one of such decentralized tools provided by Ethereum, in the form of a software architecture that allows the users to curate the dApps.

Being a part of a decentralized system, EVM is not owned by a single central unit, but somehow it does exist in the form of a single unit maintained by thousands of Ethereum clients working on independent nodes of the Ethereum network.

EVM is mainly designed to obtain the overall status of Ethereum in each block in the blockchain.

How does EVM work?

It executes the smart contracts with the virtual stacks. These contracts are made in byte codes using high-level languages like solidity which are then compiled in the EVM byte code. This is how the machine codes are kept isolated from the ghost computer networks.

EVM is also called turing complete, it means that the EVM can implement any logical step through computation.

Advantages of EVM

• Being a decentralized platform, it enables everyone to use EVM for creating dApps.
• To create and facilitate a variety of digital art and trade on DeFi platforms using NFTs.
• Provides security from hackers by using HLLs and EMV byte codes.
• Enables the dApp to run across the entire network with some restrictions.

Disadvantages of EVM

• Ethereum is not completely a decentralized platform. The majority of Ethereum nodes are running on a centralized cloud server.
• Proper knowledge and technical expertise is required to work on EVM.
• Ethereum Gas fees increase with the high network activity.

Final Thoughts

Hopefully, this blog must have been informative and knowledgeable to its readers. Even if it is not much in detail but enough to have a basic idea about EVM in the crypto-world and clear the confusion about EVM voting machines and the Ethereum Virtual Machine. Also, with one of the vast networks across the world, Ethereum provides a reliable and secure platform to exploit the creativity of interested users.