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The compiler first translates the Solidity smart contract into bytecode that is readable and executable on the LVM. The LVM then processes data through opcode, which is equivalent to operating the logic of a stack-based finite state machine. Finally, the LVM accesses blockchain data and invokes External Data Interface through the Interoperation layer.
LVM adopts a lightweight architecture which reduces resource consumption to guarantee system performance.
LGCY transfers and smart contract execution cost bandwidth points only, instead of LGCY, which exempts LGCY from being attacked. Bandwidth consumption is predictable and static since each computational step cost is fixed. This will become LFUEL consumption after LGCY Mainnet is enacted.
LVM is compatible with EVM and TVM, and will be compatible with more mainstream VMs in the future. This way, all smart contracts on EVM and TVM are executable on LVM.
Due to LVM’s bandwidth setup, development costs are reduced, and developers can focus on the logic development of their contract code. Because of our major focus on supporting developers—especially startup projects who often lack funds—the low cost model LGCY offers will greatly help establish new and many dApp projects on the blockchain. LVM also offers all-in-one interfaces for contract deployment, triggering and viewing to offer the convenience for developers.