What is EVM?
EVM (Ethereum Virtual Machine) It can be understood that EVMs will act as intermediaries in executing smart contracts on the Ethereum network. Each Ethereum node is equipped with its EVM, which will ensure the security and decentralization of the network.
The Ethereum protocol itself exists only for the purpose of maintaining the continuous, uninterrupted, and immutable operation of this particular state machine. That is the environment in which all Ethereum accounts and smart contracts live. At any given block in the chain, Ethereum has one and only one 'standard' state, and the EVM is what defines the rules for calculating a new valid state from block to block.
EVM lays on the Ethereum's hardware and node network layer. Its main purpose is to calculate the state of the network and run, compile various types of smart contract code into a readable format called
Bytecode.This makes smart contracts deployed on EVM compatible chains like Polygon or Avalanche recognized by Ethereum nodes and allows developers to move their dapps or tokens from Ethereum to other Ethereum nodes chain compatible with other EVMs with relative ease.
FootballChain does not compete with Ethereum and is based on an EVM-compatible, independent blockchain building framework that aims to make FootballChain interoperable with all dApps deployed on Ethereum and other EVMs.
Last modified 5mo ago