Ubitscan-docs
  • Summary
  • DOCUMENTATION
    • Learn about the USC Blockchain Platform
      • USC Blockchain Overview: vision, strategy and platform components
      • The USC Blockchain
        • Discovering the Network
        • USC Blockchain Consensus
        • Delegation through Staking with Validators
        • Ethereum (EVM) Compatibility and Smart Contracts
        • Boosting USC Blockchain's Scalability
      • USC Blockchain Token (USC)
        • USC Tokenomics
        • Exchanges, Wallets, On-Ramps and DeFi Tools Supporting USC
        • USC on Other Chains
      • Interoperability
      • USC Blockchain Governance and Development
        • USC Blockchain Assembly
        • USC Blockchain Improvement Proposals (FIPs)
      • Wallets supporting USC Blockchain
    • USC Blockchain for Business
    • Things you can do on USC Blockchain
      • Interacting with the USC Blockchain
      • USC Blockchain Ecosystem
      • Community
      • Grants and Bounties
    • USC Blockchain Mobile Infrastructure Use Cases
  • Developers
    • Network Details
      • USC Blockchain Mainnet
      • USC Blockchain Testnet
      • Token Faucets
    • USC Blockchain Consensus
      • Contracts Overview
      • Stake, Delegate and Withdraw
      • End-of-Cycle Flow
      • Contract Addresses
    • How to run network nodes
    • Resources & Tools
      • WalletConnect on USC Blockchain
    • How to become a validator
      • Getting started as a validator
      • Getting started as on the USC Blockchain testnet
  • Links
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  1. DOCUMENTATION
  2. Learn about the USC Blockchain Platform
  3. The USC Blockchain

Ethereum (EVM) Compatibility and Smart Contracts

In addition to the information about the transactions processed by Media Block Network Coin, 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 Media Block Network Coin 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 Media Block Network Coin, including the Media Block Network20 and ERC721 standard-compatible contracts, for instance. No modification of the smart contract code is required.

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Last updated 11 months ago