Ethereum Virtual Machine (EVM)

The Ethereum Virtual Machine (EVM) is the runtime environment for executing smart contracts on the Ethereum blockchain. It acts as a decentralized computer that allows developers to run programs, known as smart contracts, using Ethereum’s decentralized nodes. The EVM ensures that smart contracts are executed consistently and securely across the entire network, regardless of the node’s location. The EVM plays a crucial role in powering the Ethereum ecosystem, enabling developers to build decentralized applications (dApps) that run autonomously without central authority, censorship, or downtime.

Example

The EVM executes smart contracts for decentralized finance (DeFi) protocols like Aave and Uniswap, allowing users to interact with financial services without intermediaries.