Skip to main content

What Does EVM Compatibility Mean?

C
Written by Chris
Updated today

EVM compatibility means that the Core wallet can interact with blockchains that support the Ethereum Virtual Machine (EVM). Core allows a user to easily view, manage, and use their assets across multiple blockchains, providing a consistent user experience across those networks.

When using Core users can:

  • Use the same wallet address (0x_) to manage assets across EVM compatible networks.

  • Hold, send and receive common ethereum token standards on EVM compatible networks (ERC-20, ERC-721, etc).

  • Interact with dApps on EVM compatible networks (AMMs, NFT marketplaces, DeFi dapps).

Examples of EVM-compatible networks supported by Core include:

Common Misconceptions

While Core supports all EVM compatible networks, not all of these networks are equal. Please keep in mind that:

  • Assets do not automatically move between networks.

    • If you have 20 USDC on Avalanche C-Chain, it does not mean you have 20 USDC to use on Base chain. It must be bridged to that chain first.

  • All networks have different native tokens

    • Avalanche’s native token is AVAX. Ethereum’s native token is ETH. These are required for paying gas fees.

  • All networks have different gas fees

    • The same transaction might cost $0.01 in gas on one chain, and $1 on another.

  • Networks can have different token standards

    • BSC uses BEP-20 standard instead of ERC-20

  • Transactions are not interchangeable between chains

    • Even though it's the same address, transaction history on Avalanche C-chain will be unique from the history on Ethereum. Transactions that are made on Avalanche are not automatically made on Ethereum.

Did this answer your question?