One World Chain Token Docs
  • Summary
  • DOCUMENTATION
    • Learn about the OWCT Platform
      • OWCT Overview: vision, strategy and platform components
      • The OWCT Blockchain
        • Discovering the Network
        • OWCT Consensus
        • Delegation through Staking with Validators
        • Ethereum (EVM) Compatibility and Smart Contracts
        • Boosting OWCT's Scalability
      • OWCT
        • OWCT Tokenomics
        • Wallets Supporting OWCT
        • OWCT on Other Chains
      • Interoperability
      • OWCT Governance and Development
        • OWCT Assembly
    • OWCT for Business
  • Developers
    • Network Details
      • OWCT Mainnet
      • OWCT Testnet
      • Token Faucets
      • Network Upgrades
        • Upgrade Guide
        • Upgrade Guide (explorer nodes)
        • Block 13,800,000 Fork
        • FIP's
    • OWCT Consensus
      • Contracts Overview
      • Stake, Delegate and Withdraw
      • Vote
      • End-of-Cycle Flow
      • Contract Addresses
    • How to run network nodes
    • Resources & Tools
      • TheGraph
      • WalletConnect on OWCT
    • Important smart contracts
      • OWCT Token
      • OWCT Dollar
      • Major Deployed Contracts
      • Bridges
        • OWCT (Mainnet) <=> OWCT (ETH)
        • OWCT (Mainnet) <=> OWCT (BSC)
        • OWCT (Mainnet) <=> OWCT (BASE)
        • ETH (Ethereum network) <=> ETH (OWCT network)
        • USDT (Ethereum network) <=> USDT (OWCT network)
        • USDC (Ethereum network) <=> USDC (OWCT network)
        • BNB (Binance network) <=> BNB (OWCT network)
    • How to become a validator
      • Getting started as a validator
      • Getting started on the OWCT testnet
  • Links
    • Discord
    • Facebook
    • GitHub
    • LinkedIn
    • Medium
    • Telegram
    • Twitter
    • YouTube
Powered by GitBook
On this page
  1. DOCUMENTATION
  2. Learn about the OWCT Platform
  3. The OWCT Blockchain

Ethereum (EVM) Compatibility and Smart Contracts

In addition to the information about the transactions processed by OWCT, 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 OWCT 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 OWCT, including the ERC20 and ERC721 standard-compatible contracts, for instance. No modification of the smart contract code is required.

PreviousDelegation through Staking with ValidatorsNextBoosting OWCT's Scalability

Last updated 1 year ago