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ABI

An Application Binary Interface defines how external software encodes calls to and decodes results from a smart contract.

EVM

The Ethereum Virtual Machine (EVM) is a decentralized, Turing-complete computation engine that executes smart contracts on the Ethereum network. It functions as a global state machine, where the state is updated based on code execution on the blockchain. Because the EVM is implemented by every node in the network, it ensures that smart contracts run exactly as intended across all devices, regardless of local hardware differences. This allows for complex, programmable logic to be embedded into the blockchain.

Smart Contract

A smart contract is a self-executing program stored on a blockchain that automatically runs when predetermined conditions are met. These contracts eliminate the need for intermediaries by encoding terms directly into lines of code, ensuring that the agreement is enforced exactly as written without human interference. Because they reside on an immutable ledger, the execution results are verifiable, transparent, and impossible to tamper with once deployed.

Smart Contract

A self-executing program stored on a blockchain that automatically enforces and executes the terms of an agreement when predetermined conditions are met. Smart contracts are deterministic, immutable once deployed, and form the backbone of decentralized applications.

Solidity

Solidity is the primary high-level, object-oriented programming language used for writing smart contracts that execute on the Ethereum Virtual Machine (EVM). It is statically typed and supports inheritance, libraries, and complex user-defined types. Solidity was designed specifically for blockchain environments to facilitate the creation of self-executing contracts with contract-based accountability. It is heavily influenced by C++, Python, and JavaScript, making it relatively accessible to developers coming from traditional software engineering backgrounds who are transitioning into the Web3 ecosystem.