📒Blockchain Notes: What is EVM?
EVM (Ethereum Virtual Machine) stands for Ethereum Virtual Machine. It is a Turing-complete virtual machine that executes smart contracts on the Ethereum blockchain. Smart contracts are code that is similar to traditional programming code, but they are executed on a blockchain and are protected by the security and decentralization of the blockchain.
The EVM works by translating smart contract bytecode into machine code and then executing it on Ethereum nodes. Nodes are computers running Ethereum software. EVM is fully decentralized, meaning it is not controlled by any central authority.
EVM is an important component of blockchain technology. It allows developers to create complex applications on the blockchain, such as decentralized exchanges (DEX), decentralized autonomous organizations (DAO), and financial applications (DeFi).
