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Copy file name to clipboardExpand all lines: src/content/developers/docs/accounts/index.md
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- Creating an account costs nothing
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- Can initiate transactions
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- Transactions between externally-owned accounts can only be ETH/token transfers
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- Made up of a cryptographic pair of keys: public and private keys that control account activities
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**Contract**
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- Creating a contract has a cost because you're using network storage
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- Can only send transactions in response to receiving a transaction
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- Transactions from an external account to a contract account can trigger code which can execute many different actions, such as transferring tokens or even creating a new contract
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- Contract accounts don't have private keys. Instead, they are controlled by the logic of the smart contract code
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