Ethereum Virtual Machine (EVM)

TradingKeyTue, Apr 15

EVM stands for Ethereum Virtual Machine. Within the Ethereum ecosystem, the EVM acts as a singular global virtual computer, with its "state" being a consensus among all network participants or nodes.

The term "state" refers to Ethereum's data structure, which encompasses all accounts, balances, smart contracts, and machine states within the network. This state can vary from block to block on the blockchain.

Whenever a contract is executed, for instance, the state of the EVM is altered.

The EVM is a key feature that distinguishes Ethereum from distributed ledger blockchains like Bitcoin, positioning Ethereum as both a platform and a blockchain.

The EVM embodies the concept of a software platform within Ethereum, enabling developers to create their own decentralized applications, or DApps.

Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.

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