What is Ethereum Virtual Machine?
The Ethereum Virtual Machine (EVM) is a software platform that enables the execution of smart contracts on the Ethereum blockchain. It is an integral part of the Ethereum network and plays a crucial role in the execution and validation of smart contracts and decentralized applications (dApps).
Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. They are designed to facilitate, verify, and enforce the negotiation or performance of a contract. The EVM is responsible for executing these smart contracts and ensuring that they are carried out as intended.
The EVM is a decentralized, globally distributed computing platform that is designed to run the same code on all nodes of the network. This ensures that all nodes are in agreement about the state of the network and the execution of smart contracts. The EVM is also designed to be “Turing complete,” meaning that it is capable of executing any computation that can be expressed in code.
One of the key benefits of the EVM is that it enables the development of decentralized applications (dApps) on the Ethereum network. dApps are applications that run on a decentralized network, rather than on a centralized server. They are often built using smart contracts and can be used for a wide range of purposes, including financial applications, voting systems, and supply chain management.
The EVM is an important part of the Ethereum network and plays a crucial role in the execution and validation of smart contracts and dApps. It is a decentralized, globally distributed computing platform that is designed to run the same code on all nodes of the network, ensuring that all nodes are in agreement about the state of the network and the execution of smart contracts. The EVM is also designed to be “Turing complete,” meaning that it is capable of executing any computation that can be expressed in code, enabling the development of a wide range of decentralized applications.
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