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What is THIS, which is the hash value of an empty string in EOA and smart contract code included in CA?

12 Oct, 2023

Within the realm of blockchain, the hash value of an empty string is a key factor in determining the location and activation of executable code. The Externally Owned Account (EOA) and the Contract Account (CA) are the two essential components in which this hash value is crucial.

A new Contract Account (CA) is created on the blockchain when smart contract code is deployed. The code hash of this CA is generated from the code of the smart contract and acts as a distinctive identifier that connects it to the blockchain. The executable code is located at the address represented by this code hash.

[Answer is Code hash]

The magic is in the actual code, which is housed at the address that the CA's code hash indicates. It is the location of the logic and instructions needed to carry out blockchain transactions. The blockchain system uses this code hash to carry out the necessary operations when you start a transaction.

Comprehending this method is crucial for effectively navigating the blockchain ecosystem, since it guarantees the efficient and secure processing of transactions. An essential component of blockchain technology, the hash value of an empty string becomes the key to starting and managing transactions in a decentralized environment.

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