An externally owned account, or EOA, is the basic type of account on networks like Ethereum. It is controlled by a private key held by a person, and it can send transactions and hold tokens. This is what most people mean by a wallet address. It contrasts with a contract account, which is governed by smart-contract code rather than a single key.<\/p>\n
This matters as you grow beyond the basics. Knowing the difference helps you understand newer options like smart-contract wallets and account abstraction, which add features such as multiple signers or recovery that a plain EOA lacks.<\/p>\n
Example: your everyday browser or mobile wallet address is an EOA; when you send funds, your private key signs the transaction that the network then processes.<\/p>\n
Safety note: because an EOA is protected by a single private key and seed phrase, that one secret is the whole security model. There is no built-in recovery if it leaks or is lost. Guard the seed carefully, and consider smart-contract wallets or multisig for larger holdings that benefit from extra safeguards. Related terms include private key, smart contract wallet, multisig, and account abstraction.<\/p>\n","protected":false},"excerpt":{"rendered":"
A standard crypto account controlled by a private key, as opposed to a smart contract account, used by everyday wallets.<\/p>\n","protected":false},"template":"","meta":[],"class_list":["post-96","glossary","type-glossary","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/tokenspin.de.com\/ru\/wp-json\/wp\/v2\/glossary\/96","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tokenspin.de.com\/ru\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/tokenspin.de.com\/ru\/wp-json\/wp\/v2\/types\/glossary"}],"wp:attachment":[{"href":"https:\/\/tokenspin.de.com\/ru\/wp-json\/wp\/v2\/media?parent=96"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}