What Is Solana Virtual Machine (SVM)?

The Solana Virtual Machine (SVM) is the system that allows the Solana blockchain to process thousands of transactions every second. It does this by using a parallel processing approach for decentralized applications (dApps) and smart contracts.

Smart contracts play an important role in blockchain technology. Initially, blockchains were made to serve as a large payment system for simple transactions between users. The introduction of blockchain virtual machines (VM) allowed for the development of smart contracts on these networks. This transformed the blockchain into a foundational layer for building various applications.

Ethereum created the first virtual machine for blockchain technology. The Ethereum Virtual Machine (EVM) is widely used, with well-known Layer 1 blockchains like BNB Smart Chain, Avalanche, and Tron developed as forks of the EVM. Many EVM-compatible Layer 2 solutions are also being developed today. The EVM allows developers to transfer existing applications to EVM-compatible blockchains with very few code adjustments.

The Solana Virtual Machine (SVM) is a new type of virtual machine designed for smart contract blockchains and is becoming a strong competitor. Developers say that the Solana VM was created from the ground up using technologies that prioritize high performance and flexibility.

Learn more about Solana Virtual Machine

The Solana Virtual Machine manages smart contract transactions on the Solana blockchain. It is created using the Rust programming language, and developers say it is optimized for high-demand situations to process transactions efficiently. As a virtual machine, the SVM functions as a virtual processor that handles the deployment of smart contracts, processes transactions, and addresses requests from these contracts.

These transactions are requests to change the state, where the Solana VM processes these requests and updates the blockchain’s state after each execution. In short, the SVM serves as the execution environment for the Solana blockchain. It works together with the consensus layer to create a flexible network for developing and running Web3 applications.

The SVM can be used for various smart contract applications such as GameFi, DeFi, and other decentralized apps. Similar to the EVM, the Solana VM is a flexible machine that can work with other parts, like data availability or consensus layers, to create decentralized networks with minimal changes to its basic structure.

Conclusion

The Solana Virtual Machine focuses on high speed, which many blockchain developers want. It was designed to operate quickly and at a lower cost than many other processing systems, greatly boosting the popularity of the Solana blockchain.

The Solana network is now successful and gaining users. We are noticing that other projects are starting to use the Solana VM, much like what happened with the EVM in the past. These projects are either building on the Solana network’s achievements or developing their own systems with different modular parts.

This article aims to explain what the Solana VM is and how it functions. It does not cover every detail about the Solana VM and its related projects. Remember, this article is for educational purposes only and should not be taken as financial advice. The projects mentioned are not endorsed, and it’s important for users to conduct their own research before investing in any cryptocurrency.