Ethereum Virtual Machine (EVM)
The Ethereum Virtual Machine (EVM) is the core component of the Ethereum blockchain, functioning as a globally distributed computer that executes smart contract code. The EVM is designed to ensure that all nodes achieve identical results when running the same smart contract, maintaining the network's decentralization and security. Developers can write smart contracts in programming languages that are compiled into EVM bytecode and executed on the Ethereum network.
EVM-Compatible Chains
EVM-compatible chains are other blockchain networks that support the Ethereum Virtual Machine (EVM). By adopting the same smart contract execution environment as Ethereum, these chains allow developers to migrate or deploy Ethereum-based smart contracts and DApps directly without rewriting code. EVM-compatible chains often offer faster transaction speeds, lower gas fees, or specialized optimizations for specific use cases. Popular EVM-compatible chains include BNB Smart Chain, Polygon, Avalanche, Fantom, etc.
The emergence of EVM-compatible chains has significantly expanded the boundaries of the Ethereum ecosystem. Developers can easily deploy their projects across multiple chains, reaching a broader user base. At the same time, users can interact with these chains using familiar tools and wallet addresses, reducing the learning curve. Additionally, interoperability between EVM-compatible chains lays the foundation for cross-chain applications, such as cross-chain DeFi.