Definition ∞ An Externally Owned Account is a basic account type on certain blockchain networks, like Ethereum, controlled directly by a private key. This key is typically held by a human user, enabling them to initiate transactions, send digital assets, and interact with smart contracts. Unlike contract accounts, it does not contain executable code itself. It serves as a fundamental point of interaction.
Context ∞ Externally Owned Accounts are the primary means for individuals to hold and manage their digital assets and engage with decentralized applications. News often highlights the responsibility users bear for securing their private keys associated with these accounts, as their compromise can lead to irreversible asset loss. The ongoing discourse around account abstraction aims to bring more sophisticated, programmable control to these fundamental account types.
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