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“In the case of deployment, no computing power is required to create an artifact; instead, money is required… every “money” has a chance every second to be the lucky coin that has the right to create a new currency. “The more money you have, the faster you can create new blocks in the long term.”

The Ethereum Virtual Machine (EVM) is software that provides an environment (or virtual machine) for executing digital transactions, smart contracts, and centralized applications.

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When EVM runs on a large number of different computers or nodes simultaneously, it forms a fundamental foundation for Ethereum, the distributed and centralized network. This is the platform on which an ecosystem of accounts, transactions, contracts and applications can function.

Like any software, EVM consists of several generally written rules that determine how the environment works and describe what developers can do. These rules also apply to other core elements of the Ethereum token, such as addresses, accounts and local Ether presence.

However, EVM can also be used with core elements other than Ethereum to create a completely different blockchain network. In this case, these different blockchain networks are referred to as “EVM compliant.”

Well-known EVM-compatible blockchain networks include BNB Chain, Polygon and Fantom. One reason blockchain networks are opting for EMV compliance is that it makes it easy for developers and users familiar with Ethereum to use the new chain.

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Simply put, a non-EVM chain is a chain that has not chosen to use EVM as part of its base token.

Since Bitcoin was introduced before Ethereum, it is not EMV compliant. There are also many blockchain networks that are younger than Ethereum and not EVM compatible, such as Solana, Terra and Polkadot.

Blockchains that did not choose to adopt EVM generally did so because they believed it was not the best technical option and that they could implement a better option themselves. The downside they acknowledged with this decision is that it will make it difficult for Ethereum developers and users to move their activities or assets to the non-EVM chain.

Aggregation is a private signed blockchain network designed to remove transaction calculations from the Ethereum network and reduce fees associated with this activity. This is related to the scaling issues Ethereum faces due to its tokenization.

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The community generally has the right to prioritize the centralization of the network over the costs of transaction processing. Therefore, if many different companies require confirmation of their transactions on the Ethereum network, the cost of doing so increases.

Aggregation is a separate network designed to receive transactions from the Ethereum blockchain, calculate them, and then “aggregate” those completed transactions into a package that can be returned and validated on the Ethereum blockchain.

Optimistic merges, which include Arbitrum and Optimism, and zero-knowledge collectors, which include Loopring and zkSync, are the two main types of merges available.

Polkadot is a blockchain network that supports a number of different interconnected blockchains, which it calls parachains. It contains a relay chain that all parachains interact with and is responsible for shared security, consensus and interoperability across the chain.

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Polkadot’s goal is to provide a scalable, interoperable and secure ecosystem for the next web. Basically, he wants anyone to be able to launch parachains (or similar parathreads) for a specific purpose and for them to be fully interoperable.

As far as Fi is concerned, the Polkadot ecosystem is still in its infancy. However, it is worth understanding this now, as many believe that the mark of interoperability could be the future direction that all projects will follow.

Like Polkadot, Cosmos envisions a connected blockchain future and calls itself the “Internet of Blockchains.”

What is important to note about these projects is that they do not attempt to create a single blockchain, but instead provide tools and interoperability features that allow developers to create interconnected blockchains and Fi protocols.

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An important aspect of Cosmos that you should know is the Cosmos SDK (Software Development Kit), which allows developers to easily create application-specific blockchains. Another is the Inter-Blockchain Communication (IBC) Protocol, which enables communication between blockchains in the Cosmos ecosystem.

Many low-cost yet interoperable blockchains have been built in the Cosmos ecosystem, including BNB Chain and Terra. These blockchains form the foundation on which well-known Fi projects such as PancakeSwap and Anchor are built.

In computer science, a protocol is a set of rules for transferring data between computers. Therefore, there are examples such as Internet Protocol that determine how data is transmitted over the network.

In blockchain networks, this is where smart contracts work and we enforce rules that serve a specific purpose within the network, as explained below. In layman’s terms, the protocols in the blockchain are similar to the backend logic in web applications.

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As it sounds, lending and borrowing protocols are protocols that lend assets to an organization that wants to borrow them. This is often possible because other organizations provide loans