📋 Technical principles | Ethereum Virtual Machine (EVM)
· Definition: The EVM (Ethereum Virtual Machine) is the virtual machine that executes Ethereum smart contracts. Every node executes the same contract code according to the same rules.
· How it works: The EVM charges Gas for each instruction. When a transaction runs out of Gas, it is halted and its state changes are rolled back, preventing infinite loops from bringing the entire network to a standstill.
· In practice: Before interacting with a contract, check its source code on a block explorer to see whether it has been verified. Be especially cautious with contracts whose source code isn't public.
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