⚡Account Types

While EVM have only 2 types of accounts, there are a variety of possibilities of possibilities on Substrate.

EVM (Ethereum)

Ethereum-based addresses are interoperable across different Ethereum-compatible chains. If a blockchain uses the EVM, it can often reuse Ethereum addresses.

  • Externally Owned Address

  • Smart Contract

Similarities between EOAs and Contract Accounts

  • They both have addresses. EOAs and contract addresses are both 20-byte hexadecimal strings that identify the account on the Ethereum blockchain.

  • They can both hold Ether and ERC-20 tokens. EOAs and contract accounts can both hold ether and tokens.

  • They can both interact with the Ethereum blockchain. EOAs and contract accounts can both send and receive ether, and they can both interact with decentralized applications (DApps).

Substrate (Polkadot/Parachains)

There is a multitude of account types available on Substrate. Among them, we can notably quote:

  • Regular Account

  • Proxy Account

  • Multi-Sig Account

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