EVM (Ethereum Virtual Machine)
A decentralized computation engine that executes smart contracts on the Ethereum blockchain.
What is EVM (Ethereum Virtual Machine)?
The Ethereum Virtual Machine (EVM) is a Turing-complete virtual machine embedded in every Ethereum node, responsible for executing smart contract code.
It provides a sandboxed environment where smart contracts, written in languages like Solidity, are compiled into bytecode and run deterministically across the network. The EVM ensures that all nodes reach the same state after executing a contract, enabling trustless and decentralized computation. Gas fees, paid in ETH, limit the computational resources used by the EVM to prevent abuse and ensure network efficiency.
Related Terms
Rollup Validity Proof
A security mechanism for Layer 2 solutions that verifies batched transactions off-chain using cryptographic proofs submitted to the main blockchain.
SPL (Solana Program Library)
A standardized set of protocols and tools on the Solana blockchain for creating and managing fungible and non-fungible digital assets, similar to Ethereum’s ERC standards.
Liquid Staking
A staking mechanism on Ethereum where users receive derivative tokens representing their staked ETH, allowing them to use these tokens in DeFi activities while earning staking rewards.
MAS Stablecoin Framework (Singapore)
Singapore's regulatory framework by the Monetary Authority of Singapore for single-currency stablecoins pegged to SGD or G10 currencies, emphasizing value stability and consumer protection.
Price Impact (DEX)
The change in a liquidity pool’s token price caused by a trade, expressed as a percentage deviation from the initial quote.
Treasury Bills (T-Bills)
Short-term U.S. government debt securities with maturities from 4 to 52 weeks, sold at a discount and maturing at face value.