EVM (Ethereum Virtual Machine)

Definition

The EVM is the runtime environment for smart contracts in Ethereum, allowing them to execute in a completely isolated and sandboxed environment.

Context

The EVM enables developers to create applications that execute exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference. It is a crucial part of Ethereum's architecture, ensuring the security and functionality of decentralized applications on its blockchain.