What is the Ethereum Virtual Machine (EVM) and what is the use of virtual memory in Ethereum mining?
What is the Ethereum Virtual Machine? According to official sources, the Ethereu
What is the Ethereum Virtual Machine? According to official sources, the Ethereum Virtual Machine (EVM) is the operating system of the Ethereum blockchain. In simple terms, it allows various functions within the Ethereum network to be executed through calling and executing programs in a transaction. Its main purpose is to handle all interactions users want to perform, not limited to running software and wallet applications.
The Ethereum Virtual Machine has multiple functionalities, such as decentralized servers, consensus algorithms, and smart contracts. It can support all mainstream programming languages and has advantages in high availability and performance. Additionally, it provides a universal application programming interface (API) that allows developers to build their own applications on top of it, offering DApps-based solutions for enterprises. The Ethereum Virtual Machine is one of the popular blockchain platforms in the market.
What is the use of virtual memory in Ethereum mining?
According to bitcoin.com, virtual memory is utilized in Ethereum mining to process cryptocurrencies. But why is virtual memory needed? It is because virtual storage (VM) can be used for computation, validation, and execution of transactions, while running blockchain applications requires more time.
Based on statistics from Bitinfocharts, the current block space of Ethereum is approximately 200ms, with an average block time of around 12 minutes. Without considering gas fees, it may take over 2 hours or more.
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