RWA Jargons – What is EVM Compatibility (Ethereum Virtual Machine Compatibility)
Ethereum Virtual Machine (EVM) compatibility refers to blockchains supporting EVM to run smart contracts, enabling cross-chain deployment of Ethereum-developed dApps. The EVM, proposed by Vitalik Buterin in 2013, is Ethereum’s core computing engine, executing smart contracts and maintaining blockchain state. EVM-compatible blockchains (e.g., Polygon, Binance Smart Chain, Avalanche) support ERC-20 tokens and NFTs, offering low-cost, high-speed alternatives. For instance, Hong Kong’s RWA projects may interact with Ethereum via AntChain’s Jovay. EVM compatibility allows developers to migrate dApps across blockchains without rewriting code, reducing costs. Benefits include enhanced interoperability and expanded DeFi and enterprise applications. EVM-compatible blockchains drive Web3 ecosystem growth, with potential to support more innovative applications.
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