What exactly is the EVM, and what does “EVM-compatible” mean? Don’t worry, your class rep is here:
The EVM (Ethereum Virtual Machine) is the runtime environment for executing Ethereum smart contracts. Every node executes the same contract code according to the same rules.
Once a contract is deployed, its bytecode is fixed and anyone can view it. Whether the source code is readable depends on whether the developer has verified it on a block explorer.
The old me: place an order first, look later. The me now: understand the rules first.
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