Ethereum and EVM

Ethereum is a decentralized platform that enables smart contracts and decentralized applications (dApps). The Ethereum Virtual Machine (EVM) is the runtime environment for executing smart contracts on Ethereum and compatible blockchains.

Key Concepts

  • Ethereum: A blockchain for programmable money and applications.
  • EVM: Executes code exactly as programmed, without downtime or censorship.
  • Gas: The unit that measures computational effort in Ethereum.

Ethereum is a cornerstone of the Web3 ecosystem.