An EVM-compatible blockchain is the brain of the Ethereum blockchain. It makes it easier to create decentralized applications and smart contracts, and standardizes the use of wallets. As technologies innovate and the web3 blockchain evolves, the EVM blockchain is becoming the standard for developers.
Here are some of the popular EVM blockchains
Ethereum is so well-known most people don’t even realize it’s a lot more than just a cryptocurrency. It is a massive network that serves as the underlying foundation for a majority of the web3 elements, such as dApps, DEX and NFTs.
Binance Smart Chain (BSC)
This EVM blockchain is built by Binance, the largest crypto exchange via its Binance Smart Chain. It’s very popular among DeFi projects and decentralized exchanges for its fast and low-cost transactions.
Polygon is popularly known as the Layer2 solution for Ethereum. This EVM chain is built on top of the Ethereum network to increase scalability and allow transactions and workloads from the main net to flow more smoothly and efficiently.
Tron EVM chain is an advocate of a decentralized internet and is building a highly scalable infrastructure that can accommodate a growing user base. Some may also know TRON through the dApp Chain, a sidechain of the main network.
Avalanche is a multi-chain network that offers fairly high throughput and low latency, allowing for fast and low-cost transactions. It has a consensus mechanism called Avalanche-X that can further enhance the user experience.