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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).

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Related Terms

Merkle Tree
A Merkle tree is also known as a hash tree in cryptography. It is a tree where every lead node is labelled with cryptographic hash of a data block, and every non-leaf node is labelled with the hash of the labels of its child nodes. It is used to verify of data stored within it and transferable in and between computers.
Cold Storage
Offline storage of cryptocurrencies which is arguably safer as they also require physical access (eg. hardware wallet, paper wallets)
Peer to Peer
A communication protocol that does not require a central hub
InterPlanetary File System (IPFS)
The InterPlanetary File System (IPFS) is a peer-to-peer network and distributed file system protocol for storing and transferring data.
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