EVM (Ethereum Virtual Machine)

The Ethereum Virtual Machine (EVM) is the runtime environment that executes smart contract code. Every Ethereum node runs the EVM so that contract execution is replicated and verified across the network, ensuring that state changes are consistent and trust-minimized. The EVM defines how opcodes work, how gas is charged for computation, and how contract storage is updated. Because many other blockchains and Layer 2 rollups are EVM-compatible, the “EVM ecosystem” has become a major web3 development standard, reducing friction for developers and tooling providers. EVM compatibility can be an institutional advantage too: it supports predictable auditing practices, standardized security analysis, and common wallet behaviors. In adoption terms, the EVM is one reason Ethereum applications can scale across multiple L2s while sharing developer talent and infrastructure. #Ethereum #VEI #VirtualEthereumIndex. Reference: vei.xyz/ethereum-glossary

Related in VEI

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• Glossary: Gas
• Blog: Frontier and the First Builders: Ethereum’s 2015 Launch Era
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