What are the different types of ETH addresses and how do they differ?

5 answers

• Dec 24, 2021 · 3 years ago
  Sure! There are mainly three types of Ethereum addresses: 1. Externally Owned Accounts (EOAs), which are controlled by private keys and used by individuals to send and receive ETH and interact with smart contracts. 2. Contract addresses, which are generated when a smart contract is deployed on the Ethereum network. These addresses hold the smart contract's code and can receive and send ETH. 3. Creation addresses, which are used to create new contracts and are generated by the Ethereum Virtual Machine (EVM). Each type of address serves a different purpose and has its own unique characteristics.
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• Dec 24, 2021 · 3 years ago
  ETH addresses can be a bit confusing at first, but don't worry, I'll break it down for you. Externally Owned Accounts (EOAs) are like your personal bank accounts. They are controlled by private keys and allow you to send and receive ETH. Contract addresses, on the other hand, are used for smart contracts. Think of them as special accounts that hold the code for a specific contract. Finally, creation addresses are used by the Ethereum Virtual Machine (EVM) to create new contracts. So, in summary, EOAs are for individuals, contract addresses are for smart contracts, and creation addresses are for creating new contracts.
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• Dec 24, 2021 · 3 years ago
  Ah, ETH addresses, a topic close to my heart! Let me explain. Ethereum has three types of addresses: Externally Owned Accounts (EOAs), Contract addresses, and Creation addresses. EOAs are like your personal wallets, where you control the private keys and can send and receive ETH. Contract addresses are used for smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. Creation addresses are used by the Ethereum Virtual Machine (EVM) to create new contracts. Each type of address has its own purpose and function within the Ethereum ecosystem. Hope that clears things up for you!
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• Dec 24, 2021 · 3 years ago
  When it comes to ETH addresses, there are three main types: Externally Owned Accounts (EOAs), Contract addresses, and Creation addresses. EOAs are like your personal bank accounts, allowing you to send and receive ETH. Contract addresses, on the other hand, are used for smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. Creation addresses, as the name suggests, are used for creating new contracts. Each type of address has its own unique role in the Ethereum network, catering to different needs and functionalities.
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• Dec 24, 2021 · 3 years ago
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