Excuse me, I've been hearing a lot about EVM in the
cryptocurrency community, but I'm not entirely sure what it stands for or its role in the blockchain ecosystem. Could you please explain to me, in a concise manner, whether EVM is indeed a blockchain? I've heard it being referenced as a component of certain smart contract platforms, but I'm unclear if it's a separate blockchain network in itself or just a part of a larger system. Clarifying this distinction would be greatly appreciated.
5 answers
CryptoLord
Tue Jul 23 2024
These smart contracts are written in Solidity, a programming language specifically designed for the Ethereum blockchain.
Martino
Tue Jul 23 2024
The Ethereum Virtual Machine, commonly referred to as EVM, serves as the backbone of the Ethereum network.
Carolina
Tue Jul 23 2024
The EVM ensures that smart contracts are executed as intended, providing a secure and tamper-proof environment for their operation.
CryptoAlchemy
Tue Jul 23 2024
This computation engine is responsible for managing the intricate state of the blockchain, ensuring its integrity and security.
Margherita
Tue Jul 23 2024
The EVM enables the execution of smart contracts, which are self-executing pieces of code that facilitate decentralized applications and automate transactions.