Understanding Virtual Machines and the Differences Between EVM and SVM

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This chapter explores the concept of virtual machines in blockchain and compares the Ethereum virtual machine (EVM) to the Solana virtual machine (SVM). It focuses on the differences between them, including SVM's native support for parallel execution and upfront specification of transaction states.

Hasu and Jon catchup on what’s new in the EVM (Ethereum Virtual Machine) and SVM (Solana Virtual Machine) worlds.

For the EVM, Ethereum has pushed vertical scaling efforts to other chains. This includes Monad, who is building a new EVM L1 with fundamental optimizations to improve scalability.

For the SVM, the Solana ecosystem continues to gain momentum across the board. Meanwhile, Eclipse is gearing up to launch their SVM Ethereum L2.

DBA is an investor in Eclipse Laboratories, Inc. and SOL. Jon has material personal investments in SOL, JitoSOL, ETH, stETH, and TIA. Hasu has material personal investments in ETH and Monad.

Timestamps:

(00:00) Intro

(00:25) Catch up

(00:56) VM Performance Improvements

(02:32) Solana & Eclipse

(04:26) DA vs Execution Bottlenecks

(05:53) Rollups & Parallel Execution

(07:10) Breakpoint

(08:29) Solana & Eclipse – Competitive or Complementary?

(12:48) Ethereum & Solana Funds

(13:33) DBA Research Club

(15:01) What is a VM?

(16:33) Optimistic Parallel Execution vs. Access Lists

(23:45) Solana Resource Pricing

(25:03) Local Fee Markets

(30:48) Liveness Failures

(31:58) A Bottleneck vs. *The* Bottleneck

(35:39) State Growth

(41:29) Weak Statelessness

(45:33) State Expiry & State Rent

(51:10) Solana Un-merklizes State

(51:55) Client Level Optimizations

(53:45) Optimizations for New vs. Old Chains

(57:17) Will Everyone Converge?

(01:00:36) Outro

Hasu - https://twitter.com/hasufl

Jon Charbonneau - https://twitter.com/jon_charb

Uncommon Core 2.0 - https://twitter.com/UCC2_xyz

Ethereum - https://twitter.com/ethereum

Solana - https://twitter.com/solana

Eclipse - https://twitter.com/EclipseFND

Monad - https://twitter.com/monad_xyz

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