An EVM-compatible blockchain is a network designed to execute smart contracts written for the Ethereum Virtual Machine. These chains can run existing Ethereum applications and tools with minimal or no modification. This compatibility allows for easier migration of decentralized applications and developer resources. It extends the reach and utility of the Ethereum ecosystem across multiple networks.
Context
News frequently highlights the emergence and growth of EVM-compatible blockchains as a strategy to scale decentralized finance and alleviate Ethereum’s transaction load. Projects often promote their EVM compatibility to attract developers and users seeking lower fees or faster transaction speeds. This trend indicates a strong desire for interoperability and resource sharing within the broader crypto space.
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