The Ethereum Virtual Machine (EVM) is a powerful, Turing-complete virtual machine that functions as the decentralized computer executing smart contracts on the Ethereum blockchain. It provides the runtime environment for all smart contracts deployed on Ethereum, enabling complex, programmatic transactions and decentralized applications (dApps). Every node on the Ethereum network runs an EVM, ensuring that all participants process the same instructions and maintain a consistent state. This virtual machine is fundamental to Ethereum’s programmability.
Context
The Ethereum Virtual Machine remains a foundational component for a vast array of blockchain projects, with many layer-2 solutions and other blockchains building EVM-compatible environments. The current focus involves optimizing EVM performance and reducing gas costs through upgrades like sharding and rollup technologies. News often reports on new dApp deployments and innovations in smart contract functionality that leverage the EVM’s capabilities. Its widespread adoption makes it a critical area for ongoing development in the decentralized space.
This research significantly reduces the gas cost and proof size for Pietrzak's Verifiable Delay Function on Ethereum, enhancing practical blockchain integration.
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