Summary
In summary, Ethereum is currently the second-largest blockchain network by market capitalization. It has been growing rapidly in recent years, with an increasing number of dApps and DeFi platforms being built on top of it. Ethereum moved to a PoS consensus algorithm called Ethereum 2.0. The network has also seen significant growth in the DeFi space and the NFT market.
In this chapter, we delved deeply into the EVM to unravel the inner workings of smart contract execution on the Ethereum network. As you embarked on this journey, you gained a profound understanding of the EVM’s architecture and its pivotal role in powering the decentralized world of Ethereum.
We uncovered the complexities of the EVM’s components, starting with the execution environment. Here, we discovered how the EVM provides a secure sanctuary for smart contracts, housing crucial elements such as code, data storage, and the execution state. With this foundation, we also saw the EVM’...