What is a Virtual Machine in Blockchain?
A Virtual Machine (VM) in blockchain is a conceptual layer that governs the blockchain’s application logic and state transitions. In simpler terms:
· Defines Rules: The VM dictates how transactions are processed, how data changes (state transitions), and how users interact with the blockchain.
· Reusable Blueprint: The same VM can be used to build multiple blockchains, each following the same set of rules, providing flexibility while ensuring consistency.
This modular approach allows developers to create custom applications tailored to specific needs without rebuilding core blockchain infrastructure from scratch.
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