EVM Networks are blockchain platforms that are compatible with the Ethereum Virtual Machine (EVM), a computational engine that executes smart contracts. This compatibility allows developers to deploy existing Ethereum-based applications and smart contracts onto these networks with minimal modifications. EVM networks benefit from a large developer ecosystem and tooling, facilitating the creation of decentralized applications. They often offer differing performance characteristics or governance models from Ethereum itself.
Context
The expansion of EVM networks, including various Layer 2 solutions and alternative Layer 1 blockchains, is a constant topic in crypto news, driven by the demand for scalability and lower transaction costs. Discussions frequently center on their interoperability, security models, and the competitive landscape for decentralized application hosting. Their continued growth indicates the enduring influence of Ethereum’s architectural design.
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