Today the topic of discussion is EVM compatibility:
The Ethereum Virtual Machine (EVM) is a computational platform that allows developers to build decentralized applications (DApps) on Ethereum. EVM is where all Ethereum accounts and smart contracts are stored.
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EVM compatibility stands out as one of the most crucial for achieving user adoption and expanding the developer community.EVM compatibility helps ease the deployment of smart contracts into the project ecosystem
EVM compatibility simply means the ability to write and deploy smart contract code that is compatible with the Ethereum virtual machine and can therefore be recognized by the Ethereum nodes. 📝
Ultimately, compatibility with the EVM allows new blockchains to build interconnected ecosystems. This is important as it allows them to tap into the resources of other blockchains and benefit from their success.
Google: need to get information what is virtual machine
It also allows them to create a more diverse and inclusive blockchain community. Horizen is helping to build a more open and inclusive blockchain ecosystem that will benefit all participants through supporting EVM.🤖
The EVM has a lot of advantages
Aside from running the smart contracts
It allows for interoperability
Even though EVM has some drawbacks, including the increase in gas fees which sometimes make dapps too expensive to use during times of network congestion. However, layer 2 scaling solutions like Optimistic and zk roll ups are aiming to solve this problem.
❓ Do you think that EVM Compatibility carry out a ease of deploying smart contracts in to the project ecosystem?
🤔 How Do you see about EVM compatibility? Share your thoughts about that EVM so that different people will know your opinion 😎
Thanks for reading 💖