"Ethereum Yellow Paper: The Execution of Code in Ethereum White Paper"

Dexterous

2023-06-04 04:29

Quincy

The execution of code in the Ethereum Yellow Paper refers to the process of running smart contracts on the Ethereum network. Smart contracts are self-executing programs that can be written in Solidity, a programming language designed specifically for Ethereum.

When a smart contract is deployed on the Ethereum network, it is stored on the blockchain and is accessible to anyone with an internet connection. When a user interacts with a smart contract, the code is executed by the Ethereum Virtual Machine (EVM), which runs on all nodes of the Ethereum network.

The EVM is a virtual machine that executes code in a sandbox environment, ensuring that the code cannot access or modify other parts of the Ethereum network. The EVM also maintains a log of all transactions and provides a cryptographic proof of execution for each smart contract.

The execution of code on the Ethereum network is governed by gas, a measure of computational effort required to execute a given operation. Users must pay for gas in order to interact with a smart contract, with the amount of gas required varying depending on the complexity of the operation being performed.

Overall, the execution of code on the Ethereum network is a secure and decentralized process that allows for the creation of complex, self-executing programs that can be accessed by anyone with an internet connection.

Release time 2023 06 04

Fabian

The execution of code in the Ethereum Whitepaper (or Yellowpaper) involves a series of steps that take place within the context of the Ethereum Virtual Machine (EVM). When a transaction is received by the network, the EVM is responsible for parsing and executing the associated smart contract code.

The first step is to verify the validity of the transaction by checking the digital signature and ensuring that the sender has sufficient funds. Next, the EVM creates a new contract account and assigns it an address on the Ethereum network.

Once the contract is created, the EVM initializes its state by setting the value of any input variables and allocating memory space for storage variables. The EVM then runs the bytecode associated with the contract code, executing each instruction in sequence.

During execution, the EVM maintains a stack and a memory area, which are used to store intermediate results and data values. When a given instruction requires access to the contract's storage area, the EVM reads or writes to the appropriate location in memory.

Finally, when all instructions have been executed, the EVM returns any output values to the calling function and updates the state of the contract on the blockchain. This process of executing code within the EVM enables smart contracts to automate complex transactions and interactions between participants on the Ethereum network.

Release time 2023 06 04

Muriel

The execution of code in the Ethereum Yellow Paper refers to the process by which smart contracts are executed on the Ethereum Virtual Machine (EVM). The EVM is like a decentralized computer that executes the code of smart contracts on the Ethereum network.

When a transaction is sent to the Ethereum network, it first undergoes validation and verification by the network nodes. Once validated, the transaction is sent to the EVM for execution. The EVM reads the bytecode of the smart contract and starts executing it line by line.

During execution, the EVM keeps track of the program counter (PC) which tells it which instruction to execute next. The EVM also maintains a stack for holding values and a memory for temporary storage during execution.

As the program executes, it can make calls to other smart contracts, modify its own state, and interact with the network. The EVM ensures that each operation is executed in a deterministic and secure manner, while also preventing infinite loops and other types of attacks.

Once the execution is complete, the EVM returns the output of the smart contract and updates the state of the shared ledger. This process is fundamental to the operation of Ethereum and allows for the development of decentralized applications on the network.

Release time 2023 06 04