Decentralized Autonomous Organizations (DAOs):<\/strong> Governance structures that operate based on smart contracts for collective decision-making.<\/span><\/div><\/li>\n<\/ol><\/div>\n\n\n\nPros and Cons<\/h3>\n\n\n\n Pros:<\/strong><\/p>\n\n\n\n <\/svg><\/g><\/defs><\/svg>\n<\/use><\/svg><\/div><\/span>Interoperability:<\/strong> Enables compatibility across different blockchain platforms that support EVM.<\/span><\/div><\/li>\n\n\n\n<\/use><\/svg><\/div><\/span>Security:<\/strong> Provides an isolated environment for contract execution, protecting the network from malicious code.<\/span><\/div><\/li>\n\n\n\n<\/use><\/svg><\/div><\/span>Flexibility:<\/strong> Supports various programming languages, making it accessible to a wide developer community.<\/span><\/div><\/li>\n<\/ul><\/div>\n\n\n\nCons:<\/strong><\/p>\n\n\n\n <\/svg><\/g><\/defs><\/svg>\n<\/use><\/svg><\/div><\/span>Resource Intensive:<\/strong> Executing complex contracts can require significant computational power, leading to high gas fees.<\/span><\/div><\/li>\n\n\n\n<\/use><\/svg><\/div><\/span>Learning Curve:<\/strong> Developers must understand smart contract security and optimization to prevent vulnerabilities.<\/span><\/div><\/li>\n\n\n\n<\/use><\/svg><\/div><\/span>Scalability Issues:<\/strong> The current version of the EVM can process a limited number of transactions per second, leading to congestion and high fees during peak times.<\/span><\/div><\/li>\n<\/ul><\/div>\n\n\n\nExamples of Usage<\/h3>\n\n\n\n\n<\/span>Uniswap:<\/strong> A decentralized exchange allowing users to swap various cryptocurrencies without a central authority.<\/span><\/div><\/li>\n\n\n\n<\/span>CryptoKitties:<\/strong> One of the first blockchain games to popularize NFTs, enabling users to breed, collect, and sell digital cats.<\/span><\/div><\/li>\n\n\n\n<\/span>MakerDAO:<\/strong> A DeFi platform that allows users to generate DAI, a stablecoin pegged to the US dollar, using cryptocurrency as collateral.<\/span><\/div><\/li>\n<\/ol><\/div>\n\n\n\nReal-world Analogy<\/h3>\n\n\n\n Consider the EVM like a universal game console that can run games (smart contracts) developed by different studios (developers) from all over the world. Just as the console provides a common platform for games to be played, ensuring they work consistently for every player, the EVM ensures that smart contracts execute the same way on any Ethereum-compatible blockchain.<\/p>\n\n\n\n
Where to Find More Information<\/h3>\n\n\n\n\n<\/span>Ethereum.org:<\/strong> Official documentation, developer tutorials, and more about the EVM.<\/span><\/div><\/li>\n\n\n\n<\/span>GitHub – Ethereum:<\/strong> Source code and technical discussions about the EVM and Ethereum protocol.<\/span><\/div><\/li>\n\n\n\n<\/span>Solidity Documentation:<\/strong> Information on the primary programming language for writing smart contracts for the EVM.<\/span><\/div><\/li>\n\n\n\n<\/span>Etherscan:<\/strong> A block explorer where you can see transactions, smart contracts, and operate within the EVM.<\/span><\/div><\/li>\n\n\n\n<\/span>Crypto Media Outlets like CoinDesk and Cointelegraph:<\/strong> For the latest news, updates, and analyses on Ethereum and EVM-related developments.<\/span><\/div><\/li>\n<\/ol><\/div>\n\n\n\nThese sources offer a range of information, from technical documentation for developers to news and analyses for enthusiasts and investors, providing a comprehensive understanding of the EVM and its ecosystem.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Ethereum Virtual Machine (EVM) is the runtime environment for smart contracts on the Ethereum blockchain. It’s a crucial part of Ethereum’s architecture, enabling the execution of complex contracts and decentralized applications (DApps) across the network. Acting as a global, decentralized computer, the EVM allows developers to write programs in high-level languages, which are then […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":3611,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_uag_custom_page_level_css":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"blocksy_meta":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","gb-block-post-grid-landscape":"","gb-block-post-grid-square":"","yarpp-thumbnail":""},"post_excerpt_stackable":"
The Ethereum Virtual Machine (EVM) is the runtime environment for smart contracts on the Ethereum blockchain. It’s a crucial part of Ethereum’s architecture, enabling the execution of complex contracts and decentralized applications (DApps) across the network. Acting as a global, decentralized computer, the EVM allows developers to write programs in high-level languages, which are then compiled into bytecode and executed on the blockchain. Where It Is Used EVM is used on the Ethereum blockchain and by Ethereum-compatible blockchains, such as Binance Smart Chain (BSC), Polygon (MATIC), and others, to deploy and run smart contracts and DApps. Why It Is Used…<\/p>\n","category_list":"","author_info":{"name":"Faisal Khan","url":"https:\/\/faisalkhan.com\/author\/nomismad\/"},"comments_num":"0 comments","featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","gb-block-post-grid-landscape":"","gb-block-post-grid-square":"","yarpp-thumbnail":""},"post_excerpt_stackable_v2":"
The Ethereum Virtual Machine (EVM) is the runtime environment for smart contracts on the Ethereum blockchain. It’s a crucial part of Ethereum’s architecture, enabling the execution of complex contracts and decentralized applications (DApps) across the network. Acting as a global, decentralized computer, the EVM allows developers to write programs in high-level languages, which are then compiled into bytecode and executed on the blockchain. Where It Is Used EVM is used on the Ethereum blockchain and by Ethereum-compatible blockchains, such as Binance Smart Chain (BSC), Polygon (MATIC), and others, to deploy and run smart contracts and DApps. Why It Is Used…<\/p>\n","category_list_v2":"","author_info_v2":{"name":"Faisal Khan","url":"https:\/\/faisalkhan.com\/author\/nomismad\/"},"comments_num_v2":"0 comments","yoast_head":"\n
Ethereum Virtual Machine (EVM) - Faisal Khan<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n