Educational Post WHAT IS THE ETHEREUM VIRTUAL MACHINE (EVM)? | Binance futures & spot signals

Educational Post

WHAT IS THE ETHEREUM VIRTUAL MACHINE (EVM)?

At its core, the EVM is a highly specialized software that processes smart contracts on Ethereum. 

Unlike Bitcoin (BTC), Ethereum's developers didn’t focus on creating a peer-to-peer (P2P) digital payment network. Instead, they used blockchain technology to "decentralize" all aspects of the web. Developers Vitalik Buterin and Gavin Wood introduced self-executing commands called smart contracts. Once a smart contract meets a set of conditions, it automatically executes preprogrammed orders. 

The EVM stores, processes, and broadcasts these Ethereum-based smart contracts. Whenever smart contracts change on the Ethereum blockchain, the EVM analyzes new transaction data and posts the latest information on upcoming blocks. 

Although the EVM has traits of a physical "machine," it's not a device. Instead, the thousands of nodes running the Ethereum blockchain sustain this "virtual" computer. Everyone running a node on Ethereum automatically participates in the EVM.

Developers who build on Ethereum also use the EVM to code new projects across industries such as DeFi (decentralized finance) and play-to-earn-gaming.
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