Ethereum touts the largest and most diverse blockchain ecosystem, which makes EVM compatibility one of the key ingredients to build a successful ecosystemm. - ethereum ethereumblockchain
included. The EVM is a runtime environment that allows developers to create applications that can run on any Ethereum-compatible blockchain.At a high level, virtual machines create a level of abstraction between the executing code and the executing machine. As all Ethereum accounts and smart contracts live onLet’s get technical. The EVM defines the rules for computing a valid state from one block to the next. EVM itself is a massive data structure, called a modified Merkle Patricia Trie.
By supporting EVM, an organization such as Horizen opens its platform up to a vast community of developers who can create applications that will drive its success. EVM compatibility is what enables us and other blockchains to tap into the wealth of existing developers who are used to working with Solidity. It’s estimated that there areAnother benefit of EVM compatibility is Ethereum’s DeFi infrastructure.
By leveraging Ethereum’s DeFi infrastructure, new blockchains and dApps working with Horizen can get up and running quickly and easily. This is important for their success, as it lowers the barriers to entry and allows them to focus on building great applications.Ultimately, compatibility with the EVM allows new blockchains to build interconnected ecosystems. This is important, as it connects them with the resources of other blockchains and enables them to benefit from their success.
It also empowers them to create a more diverse and inclusive blockchain community. Horizen, by supporting EVM and using code compatible with the Ethereum network, is helping to lower the barrier to entry for application developers. Essentially, the platform is building a more open and inclusive blockchain ecosystem that will benefit all participants.
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