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Ethereum Virtual Machine
Also: EVM
The shared computer, run by every Ethereum node, that executes smart contracts.
Every Ethereum nodeNode A computer that keeps a copy of a blockchain and checks that new transactions follow the rules. runs the same EVM, so they all compute the same result for every smart contractSmart contract A program stored on a blockchain that runs automatically when its conditions are met. call. Many other networks, including most layer 2sLayer 2 A network built on top of a blockchain that processes transactions more cheaply and settles back to it., are “EVM-compatible”, which is why the same wallets and apps work across them.