EVM Compatibility

Definition ∞ EVM compatibility signifies that a blockchain network can execute smart contracts written for the Ethereum Virtual Machine. This allows applications developed for Ethereum to operate on other compatible chains without substantial modification. It facilitates broader adoption and interoperability among different blockchain ecosystems.
Context ∞ EVM compatibility is a significant factor in the competitive landscape of blockchain platforms, as it allows developers to port existing decentralized applications with relative ease. News frequently discusses new blockchains achieving or enhancing their EVM compatibility, signaling their intent to attract established dApp ecosystems and user bases. This compatibility is crucial for the growth of multi-chain strategies and the development of cross-platform decentralized finance services.