Gaya Blockchain
  • Introduction
    • Legal Disclaimer
    • What is Gaya
    • Company Overview
    • Gaya Solution
    • Team
  • Executive Summary
    • Vision & Mission
    • Ecosystem Overview
    • Strategic positioning
  • Gaya Blockchain
    • GAYA Blockchain
      • Layer 1 Blockchain
      • Eco-Conscious Blockchain Design
      • Consensus Mechanism: Proof-of-Stake (PoS)
      • EVM Compatibility and Smart Contract Execution
      • Benefits of GAYA’s Architecture
    • Architecture Overview
      • Smart Contract Addressing and Transaction Handling
      • Smart Contract Address Generation
      • Address Format in GAYA
      • Address States in GAYA
      • Contract Deployment and Lifecycle
      • Transaction Handling in GAYA
      • Address Verification in GAYA
      • Security and Integrity in GAYA
      • Contract Deployment and Interaction
    • GAYA’s Data Structure: CAAS
      • Cell Variants in GAYA
      • Data Serialization in GAYA Cells
    • GAYA Blockchain Network
      • GAYA Mainnet
      • GAYA Testnet
      • Testnet Development Workflow
      • GAYA Testnet Faucet
    • GAYA Blockchain Network Protocols
      • Network Protocols
      • Data Propagation
      • Block Propagation
      • Network Security
    • Gaya Foundation
  • GAYACOIN
    • The Role & Utility of GayaCoin
      • Versatility Across Applications
    • Tokenomics & Vesting Schedule
    • Governance Structure & DAO Framework
      • DAO Structure
      • Governance Requirments
      • Voting Mechanisms: Quadratic & Reputation-Based Voting
      • Staking for Governance
      • Proposal Process
      • Limitations on Governance Authority
      • Benefits of GAYA’s DAO Framework
    • Dynamic Gas Fees & Optimization
    • Deflationary Model
    • Staking Formula
    • Gas Fee & Transactions Speed
  • Ecosystem
    • Interoperability & Integration
      • Cross-Platform Integration
      • EVM Compatibility for Enhanced Developer Access
      • Interoperable Financial Solutions
      • Interconnected Social & Gaming Experiences
      • Sustainable & Interoperable Ecosystem
      • Real-World Assets Integration & Tokenized Assets
      • Technical Infrastructure for Seamless Interoperability
    • Developer Ecosystem & Support Tools
      • Developer SDKs and APIs
      • Testnet Accessibility & GayaCoin Faucet
      • Bug Bounty and Grant Programs
      • Upcoming Developer Resources & Community Engagement
    • Blockchain Gaming in the Gaya Ecosystem
      • Key Features and Technical Infrastructure
      • Technical Implementation in Gaya Blockchain
      • Utility and Role of GayaCoin in Gaming
      • User Incentives and Benefits
    • Real-World Asset Tokenization
      • Real-World Asset Overview
      • Blockchain Integration and Technical Features
      • Role of GayaCoin in Real-World Asset Tokenization
      • User Incentives and Benefits
    • SocialFi on Gaya
      • SocialFi Overview
      • Blockchain Integration & Technical Setup
      • Role of GayaCoin in SocialFi
      • User Incentives & Benefits
    • Decentralized Finance (DeFi) on Gaya
      • DeFi Overview
      • Technical Infrastructure & Blockchain Integration
      • Role of GayaCoin in DeFi
      • User Incentives and Benefits
  • Governance Framework
    • DAO
    • Governance Tiers
    • DAO Treasury
    • Governance Evolution
  • Technical Overview
    • Consensus Mechanism: PoS
    • Blockchain Architecture
    • Smart Contracts
    • Data Structures
    • Network Protocols
    • Test-net & Main-net
  • Roadmap
    • Gaya Roadmap
  • Appendices
    • Appendices
      • Appendix A: Blockchain Technology
      • Appendix B: Layer 1 & Layer 2 Blockchain Solutions
      • Appendix C: Blockchain Gaming & DeFi
      • Appendix D: Social Media Tokenization and Investment
      • Appendix E: Tokenized Assets, Fractional Ownership, and Eco-Conscious Investments
      • Appendix F: Sustainability and Green Blockchain Initiatives
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  1. Gaya Blockchain
  2. GAYA Blockchain

EVM Compatibility and Smart Contract Execution

GAYA is fully compatible with the Ethereum Virtual Machine (EVM), enabling developers to deploy decentralized applications (dApps) and smart contracts seamlessly. This compatibility allows developers to use widely adopted Ethereum tools, libraries, and frameworks, making GAYA accessible to the broader blockchain community. By supporting the EVM, GAYA provides developers with a familiar environment while encouraging innovation, making it easy to migrate and develop applications within the ecosystem.

Core Features of EVM Compatibility on GAYA

  1. EVM-Compatible Smart Contracts: GAYA’s EVM compatibility allows developers to deploy smart contracts that operate exactly as they would on the Ethereum network. This feature enables a smooth migration of dApps from Ethereum and allows developers to utilize existing codebases, reducing development time and fostering innovation.

  2. Transaction Model: Transactions within the GAYA network are initiated by either Externally Owned Accounts (EOAs) or other smart contracts. Once a transaction is initiated, the corresponding smart contract executes its coded logic, updating states as specified in the transaction’s instructions. This transaction model provides a dynamic, interconnected environment where smart contracts can engage in complex interactions.

  3. Gas Model: Executing smart contracts on GAYA requires gas, a mechanism that controls the computational effort required to execute transactions. Gas fees are paid in GayaCoin, and they serve as both a cost to discourage excessive computation and a reward for validators who process transactions. The gas model is critical in balancing resource use on the network and ensuring efficient operations.

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Last updated 2 months ago