EVM Layer One

Definition ∞ An EVM Layer One refers to a foundational blockchain network that is compatible with the Ethereum Virtual Machine, enabling it to execute smart contracts written in Solidity and support Ethereum-based applications. These networks function as independent chains, providing their own security and consensus mechanisms. They allow developers to deploy existing Ethereum codebases with minimal alterations.
Context ∞ News often highlights EVM Layer One solutions when discussing scalability challenges and alternative blockchain platforms to Ethereum. The ongoing discourse centers on their capacity to offer reduced transaction fees and faster processing speeds while maintaining adequate decentralization and security. Observing the ongoing competition and specialization among these networks for particular application types will be important.