EVM
EVM stands for Ethereum Virtual Machine, which is the runtime environment for smart contracts in Ethereum. It acts like a decentralized computer that enables developers to create and deploy smart contracts and decentralized applications (dApps). Here’s a breakdown of what the EVM does:
Smart Contract Execution: The EVM executes smart contracts, which are self-executing contracts with the terms of the agreement directly written into code.
Turing Complete: The EVM is a Turing-complete virtual machine, meaning it can run any computation, given enough resources.
Decentralization: Since the EVM runs on thousands of Ethereum nodes around the world, the execution of contracts is decentralized, ensuring security and immutability.
Gas Mechanism: Each computation or operation in the EVM requires a small fee, known as gas. This prevents abuse and ensures efficient use of resources.
The EVM allows developers to build a wide variety of blockchain-based applications, from financial services (like DeFi) to games and decentralized marketplaces.
