What is an Ethereum Virtual Machine (EVM) and how does it work?
Ether (ETH), which is the second largest cryptocurrency in terms of market capitalization, is popular among cryptocurrency investors because of its native ETH token. However, its native Solidity programming language and Virtual Machine (EVM) are instrumental in the adulation it receives from the developer community. In fact, the Ethereum blockchain continues to attract decentralized application (DApp) developers due to its flexibility, the vast range of developer tools available and the platform’s large user base.
Forming the core of the blockchain’s architecture, the EVM is the program that executes its application code or smart contracts, as they are called, providing a run-time environment for them that runs on top of the Ethereum network. What’s more, the EVM is Turing-complete and can thus run any program coded in any programming language, thereby allowing developers to easily create custom smart contracts and DApps for the burgeoning Web3 space.