EVM

Definition ∞ The EVM is the computational engine for Ethereum. It functions as a decentralized virtual machine, executing smart contracts and processing transactions across the network. Its deterministic nature ensures that every node on the network reaches the same state after processing the same transactions.
Context ∞ The EVM’s architecture is a focal point in discussions about blockchain scalability and interoperability. Developments aimed at enhancing EVM efficiency or compatibility with other virtual machines are critical for the expansion of decentralized applications. Understanding the EVM is key to comprehending the operational logic of a vast number of blockchain protocols and dApps.