Accounting

I - A. "To achieve representative royalties where transactions and events affecting the business are presented in the financial statements in a manner consistent with the actual underlying transactions and events" (CICA, financial statements The concept of 1000.21 (a), 2003). This means that all information (such as numbers and descriptions) in the financial statements needs to be based on facts. The independent auditor checks the computer ID tag of each device and confirms the actual number. As such, Byrn monitors a representative royalty as a subset of reliability.

The basic unit or purpose of the account is Ethereum. The block chain tracks the status of each account. There are two types of accounts. An external owning account (EOA) managed by a human user and a contract account controlled by an internal contract code that can be activated by an external contract account. "Smart contract" or "distributed application (DApp)" is determined by the code of the contract account. This will be active when the EOA sends a transaction to the contract account. A contract account is triggered by an external EOA to generate a reply that all nodes viewing it can agree on.

It is important to understand the fundamental difference between external accounts and contract accounts. Externally owned accounts can use a private key to sign and sign transactions to other external owned accounts or other contract accounts. Messages between two external owned accounts are simply a transfer of value. However, the message from the external owning account to the subscription account activates the code of the subscription account, and various operations (eg, transfer of token, writing to internal storage, creation of new token, execution of calculation, creation of new contract ) Can be executed. Such)

Ethereum has two types of accounts, an external account and a contract account. The external account is a private key / public key + password protected account. If you have Ethernet and you do not want to concentrate on it, you can manage your external account. This means that you can send transactions on behalf of your account (ie Alice can send 1 ETH from Bob's external account to his external account). A contract account is an account with associated code. They are also called smart contracts. An external account can call its function and the contract reacts to it according to its internal rules. Both types of accounts have addresses and the 40 character identifier is as follows.