The definition you found for EVM is for marketing purposes. EVM is like an engine that powers different similar machines. They all speak the same language and can easily intercommunicate, exchange users, capital, and apps being built on one can be easily moved on another as well.
You can think of Hive as application-specific because it has blogging with reward pools added to the base chain.
to prevent the wrapped tokens that you say causes high fees and they don't sound secure.
High fees for wrapped tokens can happen, depending on the chain where they are wrapped. If they are wrapped on Ethereum, then you have high fees. If they are wrapped on Polygon, then you have low fees.
they don't sound secure
They are less secure than native tokens, generally, but, depending on the blockchain where they are wrapped and who is the owner of the token smart contract and the smart contract itself, they can be more secure than the bridge moving them from one place to another.
Wrapped tokens sound like they are more easily hacked, correct?
If the code is vulnerable or the owner malicious, then we can have either hacks or rug pulls.
Ok, @gadrian. Thanks for all the info on wrapped tokens! What is a rug pull? Oh right it's the bridges that make the wrapped tokens more vulnerable to hacking. !BBG !CTP
A rug pull happens when an owner or insider steals funds from a project.
OK thank you @gadrian !BBH !CTP
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Thank you @bbhbot