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 '20 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 '20 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 '20 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 '20 at 8:40
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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).
answered Sep 24 '20 at 8:28
