The purpose of EVM is to serve as a runtime environment for smart contracts built on Ethereum. Before we go deeper into the creation and deployment of an Ethereum smart contract, it is essential to understand the Ethereum Virtual Machine and Gas. His work later inspired other scientists and researchers, including Vitalik. A smart contract is a set of promises, specified in digital form, including protocols within which the parties perform on these promises. No use of artificial intelligence is implied. However, they date back to 1996 when computer scientist, Nick Szabo, coined the term and defined them as: I call these new contracts “smart”, because they are far more functional than their inanimate paper-based ancestors. Many people believe that smart contracts are a new concept and have been invented with the Ethereum Blockchain Platform. However, Ethereum’s success is significantly attributed to the implementation of smart contracts. Create, test, and deploy smart contracts with MetaMask and Solidity.Įver since Ethereum was introduced in 2015 by Canadian-Russian programmer, Vitalik Buterin, it has brought forth new decentralized applications (dApps).
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