Ethereum Virtual Machine (EVM) Definition
The Ethereum Virtual Machine (EVM) is a processing engine working on the Ethereum network that enables users to create and run smart contracts. It is the runtime environment where smart contracts are executed in isolation from the main network to ensure decentralization and security.
Ethereum Virtual Machine (EVM) Key Points
- EVM processes smart contracts on the Ethereum blockchain.
- It enables developers to build decentralized applications (dApps).
- EVM functions independently from the main Ethereum network.
- It provides a secured environment for smart contract execution.
What is EVM?
The Ethereum Virtual Machine (EVM) is the foundational technology within the Ethereum protocol permitting the execution of smart contracts. It is essentially a large, global, decentralized computer containing millions of object-oriented programs.
How Does EVM Work?
The EVM operates as a quasi-Turing complete machine. A user initiates transaction which triggers EVM byte code execution. This byte code is executed by all participants in the Ethereum network to validate transactions and maintain consensus.
Why is EVM Important?
The EVM is vital for Ethereum because it separates the execution of program instructions from the underlying network. This improves decentralized application development by providing security, preventing DOS attacks, and assuring consensus.
When was EVM Created?
The Ethereum Virtual Machine was created in 2015 with the launch of the Ethereum network by its founder, Vitalik Buterin. It was designed with the motive of facilitating the implementation of decentralized applications on the Ethereum blockchain.
Where is EVM Used?
The EVM is used within the Ethereum blockchain but can also be integrated into other private and public blockchains. The EVM execution environment allows developers around the world to build dApps with distinct features.
Who Can Use the EVM?
Software developers and blockchain developers globally can use the EVM to build and deploy smart contracts and decentralized applications. It requires knowledge of Solidity, the programming language used on the Ethereum blockchain.
