What is the main purpose of the Ethereum Virtual Machine (EVM)?
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Sep 20
The main purpose of the Ethereum Virtual Machine (EVM) is to execute smart contracts on the Ethereum blockchain. It is a decentralized, Turing-complete virtual machine that allows developers to write and deploy smart contracts in a secure and trustless manner. The EVM ensures that all smart contracts are executed exactly as programmed, without any possibility of censorship, fraud, or third-party interference. It plays a crucial role in enabling the decentralized applications (dApps) and decentralized finance (DeFi) ecosystem on the Ethereum network.