EVM Chains
EVM chains are blockchain networks that work with the Ethereum Virtual Machine (EVM)
EVM chains are blockchain networks that work with the Ethereum Virtual Machine (EVM), a type of software used to create and run programs on the blockchain. These programs, known as smart contracts, operate automatically when specific conditions are met.
Here's what you need to know about EVM chains:
Works like Ethereum: EVM chains can run apps and smart contracts just like Ethereum, making it easy for developers to use their work across different platforms.
Popular Examples: Some well-known EVM chains include Binance Smart Chain, Polygon, and Avalanche. These platforms often offer faster and cheaper transactions than Ethereum.
Easy to Use Across Platforms: Because they support the same type of technology, EVM chains can easily share tools and resources with Ethereum, making development smoother and more integrated.
Improved Performance: Many EVM chains are designed to offer better speed and lower costs, helping to address some of Ethereum's challenges.
In simple terms, EVM chains are like alternative platforms that function similarly to Ethereum but often offer faster operations and lower fees, expanding the possibilities for blockchain developers and users.
Ethereum: The original blockchain network that introduced the EVM concept.
Binance Smart Chain (BSC): Offers faster and cheaper transactions than Ethereum.
Polygon (formerly Matic): Provides a layer 2 scaling solution for Ethereum, making transactions quicker and less costly.
Avalanche: Known for its high throughput and fast finality, it is designed to be scalable for decentralized applications (dApps).
Fantom: Offers a fast, scalable solution with low transaction costs.
Arbitrum: A layer 2 scaling solution that enhances Ethereum's scalability and reduces fees.
Optimism: Another layer 2 solution focusing on improving Ethereum's speed and efficiency.
Harmony: Aims to provide a scalable and energy-efficient blockchain for decentralized applications.
Celo: Focused on mobile-first applications, providing a fast and secure ecosystem.
Moonbeam: Integrates with the Polkadot network, offering EVM compatibility for cross-chain applications.
Klaytn: Developed by Ground X, focusing on enterprise-grade solutions with EVM support.
Cronos: Built by Crypto.com, it aims to provide an open-source environment for NFTs and decentralized finance (DeFi).
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