# EONIX

layer 1

EONIX is a Layer-1 blockchain. This means that in its operations, it does not depend on any other blockchain for finalizing transactions sent to it. In other words, once the EONIX  validators have achieved consensus about a transaction and added it to the ledger, this is sufficient for the transaction to be valid and irreversible.

EVM Compatible

In addition to the information about the transactions processed by the EONIX, 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 summoning them. Smart contracts also have accounts that can hold token balances.

On the network nodes, smart contracts are stored and executed in an environment called a 'virtual machine' (VM). The EONIX blockchain is broadly compatible with Ethereum's virtual machine (EVM).


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