The Ethereum Virtual Machine (EVM) is a decentralized computation engine that executes smart contracts on the Ethereum network. It is a virtual machine that simulates the operation of a computer, allowing developers to create decentralized applications (dApps) on Ethereum.

What is EVM-Compatible?

EVM-compatible refers to the capability of a blockchain platform or protocol to support applications and smart contracts that are developed for the Ethereum Virtual Machine (EVM).

Here are 4 EVM-Compatible protocols:

1. Binance Smart Chain (BSC)

Binance Smart Chain is a parallel blockchain platform to Binance Chain that supports Ethereum Virtual Machine (EVM) compatibility. This compatibility allows developers to easily port Ethereum-based applications and smart contracts to BSC, benefiting from lower transaction fees and faster block times.

2. Avalanche

Avalanche is a decentralized platform that supports custom blockchain networks and is fully EVM-compatible. This compatibility enables developers to deploy Ethereum-compatible smart contracts on the Avalanche network, benefiting from high throughput, low latency, and low transaction fees.

3. Fantom

Fantom is a high-performance, EVM-compatible blockchain platform designed for decentralized finance (DeFi) and enterprise applications. It leverages a BFT consensus protocol to achieve high scalability and fast transaction finality while maintaining compatibility with Ethereum's smart contracts and tooling.

4. Harmony ONE

Harmony ONE is a blockchain platform that supports Ethereum compatibility through its Harmony EVM (HEVM). Developers can deploy and run Ethereum-based smart contracts on Harmony, benefiting from cross-chain interoperability and high transaction throughput.

The adoption of EVM compatibility by various blockchain protocols demonstrates the importance of interoperability and the desire to leverage Ethereum's extensive developer ecosystem.

These protocols enhance scalability, reduce transaction costs, and unlock new possibilities for decentralized applications across multiple blockchain networks.