There are two types of accounts in Ethereum: Externally Owned Accounts (EOA) and Contract Accounts. Let's explore more in this article, "What is EOA Meaning in Ethereum Accounts? What is an Ethereum transaction?"
What is EOA Meaning in Ethereum Accounts?
An EOA is controlled by a private key, has no associated code, and can send transactions.
What is a Contract Account in Ethereum Accounts?
When a transaction is received from an EOA, a contract account's associated code runs. Transactions cannot be started by a contract account on its own. An EOA is the only place where transactions can start.
What is an Ethereum transaction?
A transaction in Ethereum is a signed data message transferred from one Ethereum account to another. It includes the transaction sender and recipient details, the option to include the amount of Ether to be transferred, the smart contract bytecode, and the gas price and limit, which is the transaction fee the sender is willing to pay to the network validators in order to have the transaction added to the blockchain.
What is EOA Meaning in Ethereum Accounts? What is an Ethereum transaction? - Hopefully, this article can help you to get some knowledge.
