The power of Ethereum Virtual Machine (EVM) and the Tangany Custody Suite
What does Ethereum Virtual Machine (EVM) mean?
The Ethereum Virtual Machine (EVM) is a virtual component that is contained in every Ethereum node and is able to execute bytecode for contracts. Smart contracts are usually written in high-level languages like Solidity and are then converted into EVM bytecode.
Virtual machines actually create a level of demarcation between the executing code and the executing machine. This layer is needed to develop software portability, as well as to ensure that applications are segregated from each other and isolated from their host.
The EVM is required for the Ethereum protocol and is necessary for the consensus generator of the Ethereum system. It allows anyone to feed code into a specific ecosystem in which the result of execution can be confirmed and which is completely deterministic, i.e. smart contracts can be managed.
In Java, a popular software development language, developers write code and compile them into bytecodes.
Bytecode is program code that has been compiled from source code into low-level code designed for a software interpreter. It may be executed by a virtual machine (such as a Java Virtual Machine, JVM) or further compiled into machine code, which is recognized by the processor.
These bytecodes are then loaded into the JVM and executed in the JVM. The JVM specification ensures the interoperability of the programs across different implementations.
Ethereum has the same approach as JVM but in a different smart contract language called Solidity. These contracts are then converted into bytecodes and uploaded on the blockchain for execution on the EVM (Ethereum Virtual Machine) running on various hardware platforms.
If you want to go deeper into the Ethereum Virtual Machine technology please check these articles:
How is the Tangany Custody Suite compatible with EVM?
Tangany offers a regulated white-label Custody Suite that can be integrated via API into any dashboard or client system and is accessible 24/7.
The Tangany Custody Suite infrastructure is 100% compatible with the Ethereum Virtual Machine (EVM) ecosystem and Tangany supports all EVM-compatible blockchains. By saying this, Tangany can offer a warm-wallet Custody service for more than the Ethereum blockchain.
Many blockchains aim for EVM-compatibility to simplify the migration from Ethereum to their blockchain. In the best case, the code on Ethereum can just be redeployed on the other blockchain without the need for any adjustments. E.g. a lot of tokens are available on Ethereum but also on Binance Smart Chain or Polygon, it’s the same code. This way, it is easier for blockchains to gain visibility and traction compared to the alternative, to develop their own solution which then requires software developers to recode their application fully.
Find in the next section an overview of all EVM blockchains which can instantly be used by the Tangany warm-wallet Custody suite.
Use all EVM blockchains with the Tangany Custody Suite
The Tangany Custody Suite can be connected with all EVM blockchains. Please find below a list of the most popular EVM compatible blockchains:
List of EVM blockchains:
Ethereum (ETH) and Ethereum 2.0
Ethereum is the community-run technology powering the cryptocurrency, ether (ETH) and thousands of decentralized applications.
Near is an open source platform that enables creators, communities, and markets to drive a more open, interconnected and consumer-empowered world.
Binance Smart Chain. A Parallel Binance Chain to Enable Smart Contracts.
Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem.
Next-generation layer 2 for Ethereum dApps. Use your favorite tools and scale your dApp at the lowest cost.
The Ethereum you know and love, at lower cost and lightning speed.
HECO is a decentralized and cost-efficient public chain that Ethereum developers can easily get started with and smart contracts are seamlessly compatible.
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol.
Fantom is a fast, high-throughput open-source smart contract platform for digital assets and dApps.
Harmony is an open and fast blockchain. Our mainnet runs Ethereum applications with 2-second transaction finality and 1000 times lower fees.
The xDai chain is a stable payments EVM (Ethereum Virtual Machine) blockchain designed for fast and inexpensive transactions.
The world’s first trade chain: a decentralized, limitless ecosystem based on blockchain technology for the exchange of values.
Interoperable ecosystem for financial innovations. Fusion powers the next wave of DeFi innovation on the blockchain.
KuCoin believes that technological progress will revolutionize the way we create and distribute value. And one day everyone will get involved with crypto.
The World’s fastest growing Crypto App. At Crypto.com, we are on a mission to accelerate the world’s transition to cryptocurrency.
The Efficient Blockchain powered by Proof-of-Stake Voting Consensus. Scalable POS voting Blockchain in mainnet with product lines focusing on real-world usage.
Tron is a blockchain-based decentralized digital platform with its own cryptocurrency, called Tronix or TRX. Founded in 2017 by a Singapore non-profit organization, the Tron Foundation, Tron aims to host a global entertainment system for the cost-effective sharing of digital content.
Are you looking for a regulated digital Custody provider to store your EVM-compatible tokens in highly secure infrastructure combined with regulatory security?
Contact information:
Email: julian.richter@tangany.com
Website: https://tangany.com/
LinkedIn: https://www.linkedin.com/in/julianrichtertangany/
About Tangany GmbH
The Tangany GmbH is a B2B white-label crypto custodian regulated in Germany according to Section § 1 (1a) Sentence 2 №6 of the German Banking Act (KWG) based in Munich. With Tangany Custody Suite, customers can store digital assets such as Bitcoin, Ethereum, Stablecoins, NFTs and Security Tokens in warm wallet and cold wallet storage solutions. Developed in-house since 2018 at the highest technical level, Tangany Custody Suite combines top-notch technology for custody of digital assets with regulatory security.
Tangany has been regularly awarded for its leading wallet infrastructure for the custody of digital assets in recent years. Tangany won the Fintech Germany Award in 2020 (Seed Stage) and 2021 (Investment Technology). Furthermore, Tangany received the preliminary permission according to § 65 (2) of the German Banking Act (KWG) by BaFin to manage the register of crypto securities.
