Runtime

Runtime, also known as execution time, represents the final phase of a computer program’s lifecycle when the code is being executed by the central processing unit (CPU) of the computer. It refers to the period during which a program is running, starting from its execution or opening and ending when the program is closed. Typically, during the runtime phase, the application utilizes the computer’s random access memory (RAM). Blockchains and computer networks often incorporate a pre-built runtime environment that implements specific parts of the execution model as required.