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
Kimchi Premium
The kimchi premium is the price difference between South Korean exchanges and other global exchanges for bitcoin.
Liquidity
The ease of which cryptocurrency can be bought and sold without impacting the overall market price.
Externally Owned Accounts (EOA)
Externally owned accounts (EOAs) are accounts that are controlled by a private key and have no coding associated with them.
Token
Blockchain based unit of value issued by an organization, which grants token holders a right to participate in a network.
Interested to stay up-to-date with cryptocurrencies?
Get the latest news, trends, and promotional materials in crypto by subscribing to our free newsletter.
Or check it out in the app stores
