What Is the Ethereum Virtual Machine (EVM)?
The Ethereum Virtual Machine (EVM) is a core component of the Ethereum network’s execution layer, responsible for processing transactions and executing smart contracts. However, unlike virtual machines that run on a single computer, using its CPU and memory, the EVM operates on all full nodes on Ethereum’s global network. In effect, thousands of computers execute the same code to ensure the same result.
With security as the primary consideration, the first blockchain, Bitcoin, only supported simple scripting. In 2015, the Ethereum project was launched, introducing powerful smart contracts to the blockchain world through the Ethereum Virtual Machine. The launch of Ethereum revolutionized the crypto space, paving the way for new programmable use cases for blockchain technology and opening the door to a world of decentralized finance, Web3 gaming, decentralized social media, and more.
