What is EVM?

The Ethereum Virtual Machine (EVM) is the runtime environment for smart contracts in Ethereum. It is a crucial component of the Ethereum blockchain that enables the execution of code exactly as intended. Here are some key points about the EVM:

• Turing Complete: The EVM is Turing complete, meaning it can perform any computation given enough resources.

• Isolation: Each smart contract runs in a completely isolated environment, ensuring that code execution does not affect other parts of the system.

• Deterministic: The same input will always produce the same output, ensuring predictability and reliability.

• Gas Mechanism: Transactions and computations on the EVM consume "gas," which is a measure of computational effort required. Users pay for gas to execute operations, preventing abuse of network resources.