What are the main differences between an EVM-based blockchain and a traditional blockchain for digital currencies?

3 answers

• Nov 24, 2021 · 3 years ago
  One major difference between an EVM-based blockchain and a traditional blockchain for digital currencies is the smart contract functionality provided by the EVM. Smart contracts allow for automated execution of predefined conditions, enabling decentralized applications and facilitating more complex transactions. Traditional blockchains, on the other hand, typically lack this built-in smart contract capability, limiting their functionality to basic transaction processing. Another difference is the programming language used. EVM-based blockchains, like Ethereum, use Solidity as the primary programming language for smart contracts. In contrast, traditional blockchains often use simpler scripting languages or may not support smart contracts at all. Additionally, EVM-based blockchains have a larger ecosystem of decentralized applications (DApps) and tokens built on top of them. This is due to the popularity and widespread adoption of Ethereum, which has attracted developers and projects to build on its platform. Traditional blockchains may have a smaller ecosystem and fewer DApps and tokens available. Overall, EVM-based blockchains offer more advanced features and capabilities, such as smart contracts and a larger DApp ecosystem, compared to traditional blockchains for digital currencies.
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• Nov 24, 2021 · 3 years ago
  When it comes to EVM-based blockchains and traditional blockchains for digital currencies, the key differences lie in the smart contract functionality, programming language, and ecosystem. EVM-based blockchains, like Ethereum, provide the ability to execute smart contracts, enabling decentralized applications and more complex transactions. Traditional blockchains, on the other hand, may not support smart contracts or have limited functionality in this regard. In terms of programming language, EVM-based blockchains primarily use Solidity for developing smart contracts. Traditional blockchains may use simpler scripting languages or have their own unique programming languages. Furthermore, EVM-based blockchains have a larger ecosystem of decentralized applications and tokens. Ethereum, being the most popular EVM-based blockchain, has attracted a significant number of developers and projects, resulting in a thriving DApp ecosystem. Traditional blockchains may have a smaller ecosystem and fewer DApps and tokens available. Overall, EVM-based blockchains offer more advanced features and a broader range of possibilities compared to traditional blockchains for digital currencies.
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• Nov 24, 2021 · 3 years ago
  At BYDFi, we believe that the main differences between an EVM-based blockchain and a traditional blockchain for digital currencies revolve around smart contract functionality, programming language, and ecosystem. EVM-based blockchains, such as Ethereum, provide a robust smart contract platform that enables the development of decentralized applications and complex transactions. Traditional blockchains may not support smart contracts or have limited capabilities in this area. In terms of programming language, EVM-based blockchains primarily use Solidity, which is specifically designed for smart contract development. Traditional blockchains may use simpler scripting languages or have their own unique programming languages. Additionally, EVM-based blockchains have a larger ecosystem with a wide range of decentralized applications and tokens. Ethereum's popularity has attracted a vibrant community of developers and projects, resulting in a diverse and active DApp ecosystem. Traditional blockchains may have a smaller ecosystem and fewer options for DApps and tokens. In summary, EVM-based blockchains offer advanced smart contract functionality, a specialized programming language, and a thriving ecosystem of decentralized applications and tokens, making them a preferred choice for digital currencies.
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