What is the terminologi for an address that starts with tz
and for one that starts with KT1
? The former is controlled by a secret key, and the latter is controlled by a piece of Michelson code that was published on the blockchain.
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Does this answer your question? What is the difference between implicit vs originated accounts?– arvidjSep 24, 2020 at 8:23
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Not fully as the accepted answer uses "originated contracts" and the other uses "originated accounts".– Thorkil VærgeSep 24, 2020 at 8:32
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@arvidj: this is a bit old. Since Babylon all accounts are delegatable, each smart contract has a script, and the only way to spend from or change the delegation of a smart contract is by running its code and having it emit the appropriate operation.– Raphaël CauderlierSep 24, 2020 at 8:32
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I was looking for the official terminology, so I could ensure we used the same words.– Thorkil VærgeSep 24, 2020 at 8:40
1 Answer
As said in the glossary, tz
accounts are called "implicit accounts" and KT1
accounts are called "originated accounts" or "smart contracts" (these two expressions are synonyms since Babylon).