EVM Compatible Blockchain and Service | EVM Compatible Blockchain | EVM Chain | EVM based Chains | EVM Based Blockchains

What is EVM?

The Ethereum Virtual Machine (EVM) is a Turing-complete decentralized virtual machine based on the Ethereum network that processes thoughts through data processing conditions. It is part of the Ethereum mainnet that runs functions related to transaction execution and smart contract deployment. Blockchains that can work with EVM are called EVM-compatible chains. There are more than a hundred EVM-based blockchains currently working successfully in the Web3 world.

Prominent Blockchains Comprising the EVM Network

Ethereum

The blockchain that redefined the Web3 world as it is today, Ethereum has been the backbone for all EVM-based chains.

BSC Chain

Famous for its high transaction speeds at low costs, BNB Chain was one of the early adopters of the EVM chain.

Polygon

A Layer-2 solution running on Ethereum that solves the problem of scalability on the mainnet, Polygon has lower gas costs.

Tezos

Tezos is a Proof-of-Stake network that thrives on economic staking-based governance, and it avoids hard forks, unlike most blockchains.

TRON

A network that focuses on decentralized entertainment-based applications, TRON has high transaction throughput, high scalability, and uses main EVM features.

Harmony

With a finality of two seconds and solutions to the blockchain trilemma, Harmony is one of the popular EVM-based chains.

Avalanche

Using three networks to function, Avalanche is another EVM-compatible chain allowing developers to deploy permissioned (private) and permissionless (public) applications.

Shardeum

Shardeum is an EVM-based blockchain that utilizes smart contracts to ensure low gas costs without compromising the core Web3 principles.

Applications of EVM

Crucial Characteristics of EVM Chains


EVM is Deterministic

An EVM-compatible smart contract always shows the same outputs for the same type of inputs, irrespective of how many times it gets executed. This is important as these chains handle large transactions from time to time.

EVM is Isolated

All EVM smart contracts run in exclusive environments that restrict malicious code or bugs to the smart contract where they had originated without affecting the total blockchain protocol, which could result in catastrophic circumstances for all.

EVM is Terminable

EVM-based smart contracts could solve any problem given (hypothetically). But to limit the time taken for execution, the concept of gas is used as a terminating mechanism that stops smart contract operations when limits are exhausted.

EVM Economy

Through gas-based incentives, EVM-based chains run economies that can enable the functioning of all Web3 applications based on EVM-compatible chains. The system collects gas before transactions to ensure that incentives and priority executions are preserved without exceptions.

Blockchain App Factory – A Pioneer in Developing Ventures on the EVM Chain!

Blockchain App Factory has been an industry leader in the Web3 world for a long time. Our development expertise in EVM-based blockchains is world-renowned due to our global clientele. We create outstanding EVM-compatible smart contracts for Web3 ventures which work as specified at any time. Our skilled professionals across all Web3 software development domains, including designing, developing, and testing, as well as our consultants, work diligently to ensure that all your project demands are met in the best way possible. Talk to one of our representatives if you want to begin your Web3 venture based on an EVM-compatible chain.

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