How Does the EVM Relate to Other Blockchain Platforms?
The EVM has become the de facto standard for smart contract execution. Many other blockchain platforms, often called "EVM-compatible" or "EVM-equivalent," have adopted the EVM's architecture.
This compatibility allows smart contracts and dApps written for Ethereum to be easily deployed on these other chains. This cross-platform standardization fosters a wider DeFi ecosystem.
Glossar
De Facto Standard
Standard ⎊ The term "de facto standard" within cryptocurrency, options trading, and financial derivatives signifies a practice or technology that achieves widespread adoption and acceptance despite lacking formal endorsement or standardization by an official body.
EVM
Architecture ⎊ The Ethereum Virtual Machine represents a decentralized computational engine crucial for executing smart contracts, functioning as the runtime environment for applications built on the Ethereum blockchain.