What is the Ethereum Virtual Machine?

There are so many different projects to keep track of in the cryptocurrency world, it becomes hard to get acquainted with everything. The Ethereum Virtual Machine, also known as EVM, is quite a nifty project a lot of people tend to overlook. It is quite important to understand what this project is all about, as it provides some interesting benefits to Ethereum development.

An Overview of the Ethereum Virtual Machine

The Ethereum Virtual Machine focuses on providing security and executing untrusted code by computers all over the world. To be more specific, this project focuses on preventing Denial-of-service attacks, which have become somewhat common in the cryptocurrency world. Moreover, the EVM ensures programs do not have access to each other’s state, ensuring communication can be established without any potential interference.

To put this into a language everyone can understand, the Ethereum Virtual Machine is designed to serve as a runtime environment for smart contracts based on Ethereum. As most cryptocurrency enthusiasts are well aware of, smart contracts are very popular these days. This technology can be used to automatically conduct transactions or perform specific actions on the Ethereum blockchain. Many people predict smart contracts will help revolutionize finance and other industries over the coming years.

It is also worth mentioning the Ethereum Virtual Machine has been hinted at in the Yellow Paper drafted by Dr. Gavin Wood several years ago. It is evident the Ethereum project was built with the prospect of introducing such a sandboxed environment to hone the smart contract technology in the future. A clever piece of design and coding, and one that will certainly help elevate Ethereum and smart contracts to the next level over the coming years.

Since the Ethereum Virtual Machine is completely isolated from the rest of the main network, it is a perfect testing environment. Any company looking to create a smart contract can do so using the EVM, without it affecting the main blockchain operations. Testing this technology is of the utmost importance, as flawed code can spell demise for even the most exciting of smart contracts. Moreover, one could look at the EVM as a “learning environment” to build bigger, better, and more robust smart contracts as well.

It is also worth mentioning every Ethereum node in the network runs their own EVM implementation and is capable of executing the same instructions. It is evident there is a bright future ahead for this project, as it will continue to receive some updates over time. It is a gateway to building proper smart contracts, both for novice and experienced coders looking to get a hands-on approach with the Solidity language. Additionally, the EVM have been implemented in Python, Ruby, C++, and a few other coding languages.

It is good to know there are sandboxed environments for smart contract technology. Although no one denies the potential of this technology, we are still in the early stages of discovering what this code is capable of. Decentralizing a lot of the world’s day-to-day operations can be achieved with smart contracts, and the Ethereum Virtual Machine will play a big role in this process. It is a more than valuable – and free – tool for developers who are passionate about their coding skills.

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  • Steven Matthew Lucas

    But if i pay for a cloud platform service like Google, and send a email request for consultation… What should i be asking them to set up for me? Should i ak them to set up a EVM for me? And what other information and software does my laptop need to start mining via data center based cloud mining on EVM?

  • EVM, in my opinion, is more than a project – in essence, it IS Ethereum. Completely decentralized processing of transactions via a highly distributed – but also highly secure – system of networked computers that are all part of the EVM.

    Cloud services cannot offer traditional mining like we do today – those are custom-built systems that run multiple graphics cards in parallel for massive computing power (see image). This stage of mining is called “proof of work” (POW) – it requires a lot of machine power. In the next stage of development, when Ethereum adopts “proof of stake” (POS), it is likely that cloud guys will offer to run Ethereum nodes, which will look more like traditional computers. In the future (POS), we will mine with money, not machines (hash power).

    https://uploads.disquscdn.com/images/7477af60c591c1ff3895f7d5d34dc4667964197339f1989afbffc5dae6fe0b1a.jpg .