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Blockchain & Crypto vocabulary · Smart Contracts & dApps

EVM

Meaning in blockchain & crypto, with examples

abbreviationCommon term

In blockchain & crypto, EVM means: Short for Ethereum Virtual Machine: the software environment that runs smart contracts on Ethereum. Every node runs it, so all nodes get the same result from the same code.

In Turkish: Ethereum Sanal Makinesi

How it is used

Said letter by letter. Most often seen in EVM-compatible or EVM chains, meaning networks that can run the same contracts and use the same tools as Ethereum. Developers say a contract runs on the EVM.

Example sentences

  1. Because the chain is EVM-compatible, we deployed the same contracts without changing a line.

  2. Gas measures how much work the EVM does to run your transaction.

Common collocations

  • EVM-compatible
  • EVM chain
  • run on the EVM
  • EVM bytecode
  • EthereumA blockchain launched in 2015 that can run smart contracts and applications, not just payments. Its own currency is called ether (ETH), and it has used proof of stake since 2022.
  • SolidityThe most widely used programming language for writing smart contracts on Ethereum and other EVM-compatible blockchains. Its syntax looks a little like JavaScript and C++.
  • smart contractA program stored on a blockchain that runs automatically when certain conditions are met. Once deployed it usually cannot be changed, and it can hold and move funds without a middleman.
  • gas feeThe fee paid to the network to process a transaction or run a smart contract, especially on Ethereum and similar chains. It goes up when the network is busy.
  • layer 2A network built on top of a layer 1 blockchain that handles transactions faster and more cheaply, then sends the results back to the main chain for security. Rollups and the Lightning Network are examples.

More terms: Smart Contracts & dApps

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