$ETH và $SOL

Long tranh ho dau - Part 3

Ethereum and its widespread influence in the Crypto market

You may be trading a lot of coins, NFTs, using wallets and exchanges, DEXs... on many different blockchains. But you still pay a fee to Ethereum.

To understand that, you need to know about EVM - Ethereum Virtual Machine. It is a computer but not a specific computer, it is operated by many computers or network nodes participating in the Ethereum network (like the bitcoin mining rigs you know). EVM is a decentralized supercomputer.

The task of EVM is to execute and process initialized smart contracts. For example, when you deposit money, buy Nft, swap coins on DEX exchanges, play Nft Games... that is, you are creating smart contracts, then EVM is the one who completes it for you safely and accurately. Then you need to pay EVM a fee (gas) in the base currency Ether.

You can only pay EVM with Ether; For example, if you trade on Uniswap, you may not need $UNI but you need ETH to make the transaction.. EVM works and earns money back to the parent currency Ether..

Called Ethereum virtual computer, but EVM not only operates on the Ethereum network but also on many other blockchain networks (Polygon, Arbitrum, Avalanche). So EVM appears everywhere, in every corner of many different networks. As long as the network, the application is compatible with EVM, cross-chain operations become easier, like a magic thread connecting everything.

EVM really reminds us of the robot supercomputers in science fiction movies.