What is the Blockchain-Based Virtual Machine?

A Blockchain-Based Virtual Machine (BBVM) is a virtual machine that operates within a blockchain network. It is designed to run smart contracts and decentralized applications (DApps) on a blockchain platform. The most prominent example of a BBVM is the Ethereum Virtual Machine (EVM), which is specifically built for the Ethereum blockchain.

Here are some important details about a BBVM:

1. Smart Contract Execution: The BBVM is capable of executing smart contracts, which are self-executing contracts with predefined rules and conditions written on the blockchain. These contracts enable the autonomously running and enforcement of agreements between different parties without the need for intermediaries.
2. Turing Completeness: A BBVM is typically implemented as a Turing-complete virtual machine, which means that it can perform any computation that a standard computer can. This allows for the development and execution of complex and advanced applications on the blockchain.
3. Consensus Mechanism: BBVMs utilize the consensus mechanism of the underlying blockchain network. This ensures that all participants in the network agree on the state of the virtual machine and the execution of smart contracts. Consensus mechanisms can vary depending on the blockchain platform, such as proof-of-work (PoW) or proof-of-stake (PoS).

What is SatoshiVM? and It’s importance?

SatoshiVM, a cutting edge technology brings together features to build an secure platform. One of its components is ZK EVM, which allows users to interact with and extend SatoshiVM like they would with Ethereum. It also leverages ZK Rollup technology to bundle and validate transactions, on the network ensuring the integrity and availability of data while maintaining the same level of security as the Bitcoin network itself. Moreover SatoshiVM employs ZK Fraud Proofs for on chain verification without altering Bitcoins consensus rules. This means that transaction data is openly shared on the Bitcoin network for anyone to verify computations. Lastly SatoshiVM utilizes BTC as gas for EVM transactions—a concept, to how ETH is used as gas in other Layer 2 solutions.

SatoshiVM Joins BitMart

Recently, Satoshivm’s native token, also called Satoshivm (SVM), has been listed on BitMart, a leading cryptocurrency exchange platform. This listing on BitMart offers a significant boost to SVM’s liquidity and accessibility for traders and investors.

By being listed on BitMart, Satoshivm gains exposure to a wider audience of cryptocurrency users, increasing its market reach and potential trading volume. This listing not only enhances the token’s tradability but also provides a platform for SVM holders to easily buy, sell, and trade their tokens.

The structure

!!WARNING ABOUT FAKE TWITTER ACCOUNTS AND FAKE WEBSITES !!

What kind of scam is “SatoshiVM Token Airdrop”?

This “SatoshiVM Token Airdrop” is fake. The airdrop claims to distribute Satoshi (SATS) – the smallest unit of Bitcoin (BTC) cryptocurrency. The user has to connect their cryptowallet to the giveaway to check its eligibility. However, after a wallet is linked – the scam starts operating as a cryptocurrency drainer

Read more about it at Pcrisk

as you can see below the fake username

And as you can see below the real one is with “a” instead of “o”

Conclusion

Satoshivm and other similar projects need to be cautious and vigilant about the existence of fake websites and Twitter accounts that aim to deceive and steal their identities. These fraudulent entities could harm the reputation and progress of genuine projects by impersonating them and misleading the community. It is crucial for users to be aware of this threat and to verify the authenticity of websites and social media accounts before engaging with them. Implementing security measures, such as strong verification protocols, could help prevent identity theft and safeguard the project’s integrity.