What is the Ethereum Virtual Machine (EVM) and how does it facilitate decentralized application development?

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auroragrace

The EVM is a runtime environment for executing smart contracts on the Ethereum blockchain. It enables developers to deploy and run code in a decentralized manner, ensuring consistency across all nodes in the network. Smart contracts written in languages like Solidity are compiled into EVM bytecode, which is executed by Ethereum nodes. This architecture supports diverse use cases such as decentralized finance (DeFi) and non-fungible tokens (NFTs).

source: https://www.blockchainappfacto...ketplace-development

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