Bytecode refers to an intermediate representation of code that is executed by a virtual machine rather than directly by the hardware. In the context of blockchain platforms, smart contracts are often written in high-level programming languages, like Solidity for Ethereum.Once written, this code is compiled into bytecode, which is then deployed on the blockchain. The bytecode acts as a set of instructions that the blockchain’s virtual machine can interpret and execute. This compilation process ensures that the smart contracts can run on any node in the network, maintaining consistency across the entire system.The use of bytecode facilitates faster execution and enhances security, as it abstracts the underlying code complexities. Users interacting with smart contracts do not see the original source code, which can help protect proprietary logic or intellectual property.In summary, bytecode serves as a bridge between human-readable programming languages and the machine-level instructions executed on a blockchain, enabling the functionality of decentralized applications.

Bybit Removed from France’s AMF Blacklist After Two Years of Compliance Efforts
Cryptocurrency exchange Bybit has been officially removed from the blacklist of France’s financial markets regulator, the Autorité des Marchés Financiers