EVM stands for “Ethereum virtual machine,” which is a component of the Ethereum blockchain. The EVM is a virtual computer that runs smart contracts, which are self-executing contracts that live on the blockchain. The EVM is what allows for the execution of decentralized applications (dApps) and other programs on the Ethereum network. It is essentially the “engine” that powers the Ethereum blockchain. The EVM is also compatible with other blockchains, such as the Binance Smart Chain and Avalanche, which allows for interoperability between different networks.
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