BullChainAI

Ethereum Virtual Machine (EVM) networks are decentralized networks that use the EVM to execute smart contracts and run decentralized applications (dApps). The most well-known EVM network is the Ethereum mainnet, which is the original and largest EVM network. The Ethereum mainnet is a public network that is open to anyone to use and is secured by a decentralized network of nodes. There are also other EVM networks that have been created, including private networks and testnets. Private networks are typically used for testing and development, and they can be configured to have different properties than the mainnet, such as faster block times or different consensus algorithms. Testnets are also used for testing and development, and they often have a different token than the mainnet, such as Ropsten for Ethereum. Additionally, there are other EVM compatible blockchain networks like Binance Smart Chain (BSC), Polygon (previously Matic), and xDai which provide higher scalability and lower transaction fees than Ethereum mainnet. These networks are called Layer 2 solutions and they are built on top of Ethereum mainnet and are fully compatible with EVM, which allows developers to use their existing knowledge of Ethereum to build on these networks. In short, EVM networks are decentralized blockchain networks that utilize the Ethereum Virtual Machine to execute smart contracts and run decentralized applications. The most well-known is the Ethereum mainnet, but there are also private networks, testnets and other EVM compatible networks like Binance Smart Chain, Polygon, and xDai which provide additional scalability and lower fees. Block explorers Block explorers are the Google for searching on a blockchain. They give developers and users the possibility to search information such as balances, contracts, tokens, transactions, and API services. Provides two different kinds of explorers: one that combines Substrate and EVM, and another that is dedicated to our EVM ecosystem.