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Ethereum 2 wallet addresses

Apr 07, 2024 pm 04:40 PM
Ethereum Ethereum Ethereum wallet

Ethereum wallet addresses are mainly divided into two types: Externally Owned Address (EOA), starting with 0x and controlled by a private key. The contract address, also starting with 0x, is created by the smart contract code and is used to store Ethereum and execute the contract code

Ethereum 2 wallet addresses

Two wallet addresses for Ethereum

There are two main types of Ethereum wallet addresses, namely externally owned addresses (EOA) and contract addresses.

Externally Owned Address (EOA)

  • Starts with 0x, followed by 40 hexadecimal characters (42 characters total)
  • Controlled by a private key
  • Used to send and receive Ether and interact with smart contracts
  • Belongs to an individual or organization

Contract address

  • Also starts with 0x but is followed by 40 hexadecimal characters (42 characters total)
  • Created by the code of the smart contract
  • is used for storage Ethereum and the execution smart contract code
  • belong to the smart contract itself, not the individual or organization

Distinguish between EOA and contract address

  • Creation method: EOA is created by the private key, and the contract address is created by deploying the smart contract code.
  • Control: EOA is controlled by the private key, while the contract address is controlled by the smart contract code.
  • Usage: EOA is used for regular transactions, while the contract address is used for interacting with smart contracts.
  • Address range: The address range of EOA is 0x000...000 to 0xffff...ffff, while the address range of the contract address is 0x1000...000 to 0xffffffff.

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