Maybe I'm just imagining it, but:

Current:
"This aspect leads to the description of Ethereum as a _transaction-based state machine_, which reflects the fact that external actors (i.e., account holders and miners) initiate state transitions by creating, accepting, and ordering transactions."

My edit:
"This aspect leads to the description of the EVM as a _transaction-based state machine_, which reflects the fact that external actors (i.e., account holders and miners) initiate state transitions by creating, accepting, and ordering transactions."