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.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/23949/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Samantha Lewis Takes Charge of Web3 and Fintech Funds at Mercury Fund
It is reported that Mercury Fund announced the appointment of Samantha Lewis as a partner to take charge of Web3 and Fintech funds. Samantha Lewis previously s…
-
Shanghai: Provide financial support for investment projects in the “metaverse” field with no more than 30% of the project investment
According to reports, the General Office of the Shanghai Municipal People\’s Government has issued a notice on policy measures to strengthen investment promotion and accelerate the
-
UK to Enhance Control over Cryptocurrency Money Launderers and Thieves
According to reports, the latest three-year economic crime plan released by the UK on Thursday said that the UK Treasury and Home Office plan to strengthen control over cryptocurre
-
Smart Money Address Profits from MAGIC trade
It is reported that according to The Data Nerd, a smart money address bought more than 244000 MAGIC at a price of $1.6 today. The address obtained twice the pr…
-
Unbound Finance Set to Launch New Version Supporting Stable Currency Lending on Arbitrum One
According to reports, the DeFi protocol Unbound Finance will launch a new version on April 11th, supporting the lending of stable currency using Uniswap LP as collateral on Arbitru
-
HOFA Gallery’s Exclusive AI NFT Art Exhibition – Revolutionizing the World of Art
It is reported that HOFA Gallery will hold an exclusive AI NFT art exhibition featuring digital art works. This event will showcase works from top AI and NFT artists, including XCO
-
Citigroup Raises Target Price of Meta Platforms by 14.04%
Citigroup has reportedly raised its target price for Meta Platforms (META. O) from $228 to $260. Citi: Increase the target price of Meta Platforms from $228 to $260 Analysis based on this information:Citigroup, a multinational financial services corporation, has reportedly increased its target price for Meta Platforms (formerly known as Facebook Inc.) from $228 to $260. This reflects a substantial increase of 14.04% and highlights the confidence Citigroup has in Meta Platforms as a long-term investment prospect. Citigroup’s investment analysis suggests that Meta Platforms has maintained a strong market position in the social media industry, with its user base consistently growing over the years. Moreover, Meta Platforms has shown promising revenue growth and profitability, with total revenue in the third quarter of 2021 reaching $29 billion, a 33% increase compared to the same period in the previous year. The company’s net income in the third quarter was $9.2 billion, almost double the net income of $4.7 billion during the same…
-
Decentralized Exchange Liquidity Aggregator 1inch Network Supports zkSync Layer2 Solution for Ethereum Networks
According to reports, the decentralized exchange liquidity aggregator 1inch Network has added support for zkSync, a Layer2 solution for expanding Ethereum networks.
1 inch Network -
MicroStrategy Stocks: A Unique Opportunity to Profit from Bitcoin’s Rise
According to reports, Berenberg stated in a report on Thursday that MicroStrategy (MSTR) is in a unique position among listed companies and can benefit from the rise in Bitcoin (BT
-
Uniswap v3’s Expiration of Commercial Source Code License Brings Changes to L1 and L2 Deployment
On March 31, according to official news, due to the expiration of the commercial source code license (BSL) for Uniswap v3 on April 1, 2023, the Uniswap Foundation proposed a Uniswa
-
Sui Announces Improved Design for the New Peugeot and Community Visit Plan
On April 15th, Sui announced today its improved design for the new Peugeot (which has a more balanced feel compared to the original Peugeot) and the SUI Token community visit plan.
-
Bored Ape Yacht Club NFTs: Making Waves in the Crypto World
According to reports, according to the latest data from OpenSea, the Bored Ape Yacht Club series NFTs have had a trading volume of 4671 ETH in the past 24 hours, with a trading vol
-
The Future of Digital Assets: Identifying Vulnerabilities in Spot Market Regulation
According to reports, the U.S. House of Representatives Subcommittee on Commodity Markets, Digital Assets, and Rural Development will hold a hearing titled \”The Future of Digital A
-
The Current State of Cryptocurrencies: Exploring The $1.2 Trillion Market Value
According to reports, according to CoinGecko data, the current total market value of cryptocurrencies is $1.2 trillion, with a 24-hour decline of 1.2% and a 24-hour trading volume
-
NovaWulf Digital Asset Investment Company Plans to Take Over All Assets of Celsius Network
According to reports, NovaWulf, a digital asset investment company, plans to take over all assets of the bankrupt cryptolending platform Celsius Network and transfer the remaining
-
Zhejiang: Realize digital RMB consumption of 15 billion yuan in 2023
According to reports, the General Office of the Zhejiang Provincial Government recently issued the \”Several Measures to Further Expand Consumption and Promote High Quality Developm