What is Avalanche Virtual Machine (AVM)?

The Avalanche Virtual Machine (AVM) is the native virtual machine that helps developers establish and deploy new blockchains that run on the Avalanche platform. To help facilitate this process, the system makes a copy of the AVM and deploys it to operate on a new blockchain or subnetwork within the Avalanche ecosystem. The main AVM is also designed to help the system create various smart contracts and decentralized applications (dApps) for decentralized finance (DeFi) use, enterprise use, and other uses.