Ethereum Virtual Machine (EVM)

The Ethereum Virtual Machine (EVM) is the runtime environment for executing smart contracts on the Ethereum blockchain. It functions as a decentralized computer that ensures smart contracts execute consistently across all nodes, maintaining the integrity and predictability of the Ethereum network.

For web3 developers, understanding the EVM is fundamental, as it dictates how code is executed and how resources are managed on the blockchain. Optimizing smart contracts for the EVM can lead to more efficient and cost-effective decentralized applications.