📄️ Ethereum Virtual Machine (EVM)
The Ethereum Virtual Machine (EVM) is a decentralized virtual environment that operates as the runtime environment for all smart contracts on the Ethereum blockchain. It enables Ethereum nodes to execute smart contracts, using "gas" to measure the computational effort required for operations, ensuring efficient resource allocation and network security. The EVM is also designed to be a sandboxed environment, ensuring that the execution of smart contracts is secure, deterministic, and isolated from the underlying network.