How do Ethereum accounts work?
Could you please explain in detail how Ethereum accounts operate? I'm curious about the fundamental mechanisms behind these accounts and how they enable transactions and smart contract executions on the Ethereum network. Could you also clarify the role of private keys in securing these accounts and how they are utilized for authentication and authorization purposes? Additionally, it would be helpful if you could explain the differences between externally owned accounts and contract accounts in Ethereum, and how they interact with each other within the blockchain ecosystem. Thank you for your assistance!
Why is Binance closing accounts?
I'm quite puzzled why Binance is closing accounts. As a leading cryptocurrency exchange, Binance has always been known for its innovative approach and commitment to user experience. Could you please explain the reasons behind this decision? Is it due to compliance issues, security concerns, or perhaps something else? It would be helpful if you could provide more transparency and clarity on this matter. Many users, including myself, are wondering what steps they should take to ensure their accounts are not affected. Thank you for your time and attention.