Ethereum Virtual Machine, or EVM, is a Turing complete virtual machine that provides a platform for running smart contracts.
Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system that utilizes the EVM to execute smart contracts called decentralized apps or dapps.
In Ethereum’s design, computational tasks are carried out on the EVM by “supplicants” in exchange for gas units which can be thought of as “ether units.
Ethereum Virtual Machine (EVM) is a decentralized virtual machine that runs on the Ethereum network. It enables the execution of smart contracts and decentralized applications (apps).
Smart contracts are self-executing contracts with terms automatically enforced by the EVM. Dapps are applications that run on the blockchain.
Ether, Ethereum’s native cryptocurrency, powers the EVM. Ether is used to pay for transaction fees and computational services. The EVM is also responsible for verifying and enforcing the integrity of transactions and contracts on the Ethereum network.
When Ethereum first launched, it had a simple virtual machine (EVM) that allowed users to run contracts on the blockchain. However, as Ethereum grew in popularity, the EVM began to experience some problems.
So, in late 2017, the Ethereum Foundation released a new version of the EVM called “Ethereum Virtual Machine 2.0” (EVM2).
The EVM2 is designed to solve some of the problems with the original EVM. For example, it has increased scalability and security. It also has a new programming language called “Solidity,” making it easier for developers to create contracts.