What is the EVM and how does it work? ๐ŸŒ


Happy International Womenโ€™s Day, Surgers! ๐ŸŽ‰

Remember: we win when we work together. ๐Ÿ’ช๐Ÿฝ And thereโ€™s still a lot of work to be done to achieve gender equality in crypto.

In Surge news this week: we partnered up with Talent Protocol to onboard new users to the Web3 ecosystem. ๐Ÿš€

Hereโ€™s what we have in store:

๐ŸŽ Surge x Talent Protocol giveaway. Enter by March 10 for a chance to win a Surge Passport NFT.

๐Ÿ“ฃ Surge x Talent Protocol Twitter space tomorrow at noon EST. Schedule a reminder.

๐Ÿ“š A new article teaching you how to build your Web3 rep. Read and create a Talent Protocol profile.

Now, for the ecosystem newsโ€ฆ


This week in cryptoโ€ฆ

Everything you need to know to stay on top in Web3

๐Ÿฆ„ Uniswap launched a new wallet

Uniswap, one of the most trusted DEXs, just released a new wallet. Itโ€™s a self-custodial, open-source mobile app wallet that lets you swap on and switch seamlessly between Ethereum mainnet, Polygon, Arbitrum, and Optimism, among other cool features. For now, users can apply for early access only, as Apple is holding back a wider release. Itโ€™s not clear why Apple hasnโ€™t green-lit the Uniswap wallet as of yet.

๐Ÿ”ฅ Account abstraction goes live

Ethereum devs just deployed ERC-4337, enabling smart contract accounts on Ethereum. With this upgrade, we can expect Ethereum wallets to become more user-friendly. Learn more here.

๐Ÿ’ฐ Yuga ordinals netted $16.5 million

Yuga just launched an auction for their first collection on Bitcoin. The highest bid was 7 BTC, while the total amount of accepted bids came out to 735 BTC. The auction was a huge success for Yuga and pretty bullish for Bitcoin ordinals, but it also showcased the lack of NFT infrastructure on Bitcoin and sparked some debates.



TLDR: What is the EVM and how does it work? ๐ŸŒ

One of Ethereum's key features is that it enables programmable money. Without the Ethereum Virtual Machine (EVM), this programmability wouldnโ€™t be possible. Ethereum would function similarly to Bitcoin, existing as a distributed ledger supporting simple transactions.

Because the EVM is fully virtual, many other blockchains can be EVM-compatible and thus interact with the Ethereum chain, ensuring compatibility and composability cross-chain.

In short, the EVM makes it possible to have a thriving Web3 ecosystem that extends far beyond Ethereum.

๐Ÿ‘‰๐Ÿฝ What does the EVM do?

The EVM allows for the testing, deployment, and execution of smart contracts. It makes it possible to build protocols, dApps, NFTs, ERC20s, and DAOs on the Ethereum platform.

๐Ÿ‘‰๐Ÿฝ Who maintains the EVM?

The EVM runs on a network of nodes spread across the world, with no central authority. The nodes work together to validate transactions and execute smart contracts on the Ethereum blockchain.

This means that control over the execution of smart contracts is distributed across the network, and no single entity has the power to change or manipulate the execution of the contracts.

๐Ÿ‘‰๐Ÿฝ How does the EVM work?

The EVM runs on gas and changes the state of the Ethereum network in response to contract calls. Dive deeper with our new article about the EVM.

๐Ÿ‘‰๐Ÿฝ What makes the EVM so revolutionary?

With the EVM, we all have access to the same computing environment and we all play by the same rules.

The EVM functions as a world computer that is secure, decentralized, and accessible to all.


Surge updates

๐Ÿ“š Want to get a POAP that proves your crypto knowledge? Sign up for our Web3 Stack course to dive even deeper into the technical foundations that make the crypto ecosystem possible.

๐ŸŽ You have until March 13 to claim a free .nft domain from Unstoppable Domains here.

๐Ÿ‡ต๐Ÿ‡น ETHPorto is giving everyone in the Surge community (Passport holder or not) a 20% discount on the conference tickets. Use this code: SURGE@ETHPorto-SPECIAL20.

๐Ÿ—ž Love our newsletter? Join our program for featured newsletter content and share your project with our newsletter subscribers.

See you next week!

โ€‹Dusankaโ€‹

Surge Women | Educating crypto users and builders ๐Ÿ”ฅ

We write weekly about Web3, what it is, and why it matters.

Read more from Surge Women | Educating crypto users and builders ๐Ÿ”ฅ

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