GOLDX Docs
  • Summary
  • DOCUMENTATION
    • Learn about the GoldX Platform
      • GoldX Overview: vision, strategy and platform components
      • The GoldX Blockchain
        • Discovering the Network
        • GoldX Consensus
        • Delegation through Staking with Validators
        • Ethereum (EVM) Compatibility and Smart Contracts
        • Boosting GoldX's Scalability
      • GoldX Token (GOLDX)
        • GOLDX Tokenomics
        • Exchanges, Wallets, On-Ramps and DeFi Tools Supporting GOLDX
        • GOLDX on Other Chains
      • Interoperability
      • GoldX Governance and Development
        • GoldX Assembly
        • GoldX Improvement Proposals (FIPs)
      • Wallets supporting GoldX
    • GoldX for Business
    • Things you can do on GoldX
      • Interacting with the GoldX Blockchain
      • GoldX Ecosystem
      • Community
      • Grants and Bounties
    • GoldX Mobile Infrastructure Use Cases
  • Developers
    • Network Details
      • GoldX Mainnet
      • GoldX Testnet Spark
      • Token Faucets
      • Network Upgrades
        • Upgrade Guide
        • Upgrade Guide (explorer nodes)
        • Block 13,800,000 Fork
        • FIP's
    • GoldX Consensus
      • Contracts Overview
      • Stake, Delegate and Withdraw
      • Vote
      • End-of-Cycle Flow
      • Contract Addresses
    • How to run network nodes
    • Resources & Tools
      • TheGraph
      • WalletConnect on GoldX
    • How to become a validator
      • Getting started as a validator
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  1. DOCUMENTATION
  2. Learn about the GoldX Platform
  3. The GoldX Blockchain

Ethereum (EVM) Compatibility and Smart Contracts

In addition to the information about the transactions processed by GoldX, its nodes also permanently store and update the code and current state of smart contracts. Smart contracts are computer programs (persistent scripts) that anyone can interact with by sending transactions invoking them. Smart contracts also have their own accounts which can hold token balances.

On the network nodes, smart contracts are stored and executed in a special environment called 'virtual machine' (VM). The GoldX blockchain is currently broadly compatible with Ethereum's virtual machine (EVM).

This means that any smart contract or decentralized application (dApp) that can be deployed on Ethereum or another EVM-compatible chain will also function if deployed on GoldX, including the TL20 and ERC721 standard-compatible contracts, for instance. No modification of the smart contract code is required.

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Last updated 2 years ago