Egon Docs
  • Summary
  • DOCUMENTATION
    • Learn about the EgonCoin Platform
      • EgonCoin Overview: vision, strategy and platform components
      • The EgonCoin Blockchain
        • Discovering the Network
        • EgonCoin Consensus
        • Elevation through Staking with Validators
        • Ethereum (EVM) Compatibility and Smart Contracts
      • EgonCoin Token (EGON)
        • EGON Tokenomics
      • Interoperability
      • EgonCoin Governance and Development
        • EgonCoin Assembly
        • EgonCoin Elevated Proposals (EEPs)
    • EgonCoin for Business
    • Things you can do on EgonCoin
      • Interacting with the EgonCoin Blockchain
      • EgonCoin Ecosystem
      • Community
      • Grants and Bounties
    • EgonCoin Mobile Infrastructure Use Cases
  • Developers
    • Network Details
      • EgonCoin Testnet
      • Network Upgrades
        • Upgrade Guide (explorer nodes)
        • Block 13,800,000 Fork
        • FIP's
    • EgonCoin Consensus
      • Contracts Overview
      • Stake and Withdraw
      • Contract Addresses
    • How to run network nodes
    • Resources & Tools
      • TheGraph
      • WalletConnect on EgonCoin
    • How to become a validator
      • Getting started as a validator
  • Links
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  1. DOCUMENTATION
  2. Learn about the EgonCoin Platform
  3. The EgonCoin Blockchain

Ethereum (EVM) Compatibility and Smart Contracts

In addition to the information about the transactions processed by EgonCoin, its nodes also permanently store and update the code and current state of smart contracts. Smart contracts are computer programs (persistent scripts) that anyone can interact with by sending transactions invoking them. Smart contracts also have their own accounts which can hold token balances.

On the network nodes, smart contracts are stored and executed in a special environment called 'virtual machine' (VM). The EgonCoin blockchain is currently broadly compatible with Ethereum's virtual machine (EVM).

This means that any smart contract or decentralized application (dApp) that can be deployed on Ethereum or another EVM-compatible chain will also function if deployed on EgonCoin, including the ERC20 and ERC721 standard-compatible contracts, for instance. No modification of the smart contract code is required.

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Last updated 1 year ago