Ethereum Virtual Machine (EVM)
By CoinGecko | Updated on Mar 03, 2020
Ethereum Virtual Machine (EVM) is the environment in which all smart contracts are executed.
In the Ethereum network, each and every node runs an EVM instance allows them to execute the same instructions. EVM is vital to the Ethereum network, as it allows anyone to execute codes in a trustless environment while guaranteeing the outcome (eg. execution of smart contracts).
Related Terms
Software Development Kit (SDK)
It is a collection of software development tools in one package installation. It is designed to help developing applications for a specific device or operating system (OS).
Nonce
Abbreviation for ‘number only used once’ It is of vital importance next to the hash in the verification of data from the Bitcoin blockchain network.
Cloud Mining
Mining on blockchains through rented processing power rented from companies that host the physical equipment.
Block
In the context of blockchain, block refers to the collection of transactional data or information that are bundled together in a predetermined size.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.