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Contract creation results in the creation of a new contract account containing compiled smart contract bytecode. Whenever another account makes a message call to that contract, it executes its bytecode.The Ethereum blockchain has two types of accounts: User accounts, also known as externally owned accounts (EOAs); and contract accounts, which are made up of code. Web developers can deploy code to the Ethereum blockchain by creating contract accounts. Each time an EOA sends a request to a contract account, the user is charged a small fee in Ether based on the computing power required.But they had different ideas about how the Internet would develop in the future.

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As blockchain technology removes the third party, people can agree on a price that is fair for them both — cutting out the cost that was previously taken by the retailers.

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