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How does the EOS account work? An account is a human-readable name stored in the block chain. It can be owned by an individual or a group of people, depending on the permission configuration. An account is required to transfer or push the transaction to the blockchain. -- EOSIO Wiki

How does the EOS account work

Each EOS account is 12 characters long (unless it is an advanced account, which will be described later) and contains the characters amurz and 1-5.

The EOS account consists of two keys, the active key and the owner key. The active key can be used to transfer funds, vote for block producers, purchase ram, etc. The owner key shows the ownership of the account and can make any changes to the ownership of the account. This key is best kept offline for security reasons, because most of the work on EOS networks does not need to be done with it.

Various other permissions can be set within the account, some of which are described below.

Multi-signature account

Being able to change permissions in an EOS account means that a multi-signed account can be created. Multiple signatures mean that you can require certain operations in multiple individual authorization accounts. Examples are given below.

In the above example, the account is a multi-signed account with three users.

Changing the owner permissions of an account requires a weight threshold of 2. Both Bob and Stacy have a weight of 1, so in order to make any changes to the owner permissions of the account, both Bob and Stacy must authorize the changes at the same time.

To send a deal, buy a RAM, vote for a producer, or do anything that requires an active key, you need a weight threshold of 1. This means that both Bob and Stacy can do this without the other's permission.

The third license is optional and is one of the possibilities of EOS. In this example, publishing represents the permission to post an article on a specific blog. The weight threshold required to publish an article is 2. Bob and Stacy have a weight of 2, while the other account has a weight of 1. This means that if Bob and Alice want to post an article, they don't need someone's permission to do so, but if other accounts need permission from Bob or Stacy to publish the article.

How do I create an EOS account?

There are several ways to create an EOS account, such as using cleos or using one of the available toolkits. For this guide, we will use this toolkit. To create a new EOS account, you need to use an existing EOS account. If you do not have an existing account, you can use the tool that creates the account for you. Using these tools requires you to do so at your own risk and always study whether you can trust them.

First, you must download Scatter, a browser extension. You can get Scatter here. Follow the instructions on how to set up your Scatter account and log in to the Scatter extension. Then go to the toolkit and connect to your existing EOS account.

After connecting to the account, you can go to create account and fill in the blanks. You can use an existing key pair as the owner public key and active public key, or you can generate a new key pair in hash under the key pair tab.

We recommend that you do not change net stake,CPU stake and RAM purchase, because you can get more tokens and buy more memory at any time after you create an account.

Please note that the following information may be out of date because the cost of creating an account has been reduced

Always make sure that the EOS account you use to create a new account contains enough EOS to create a new account. The cost of creating a new account (using the above settings) can be calculated in the following ways:

* (current RAM Price / Kb) 8 "0.1" 0.1 = minimum number of EOS required to create a new account

Advanced account name

The account name of most EOS accounts is 12 characters long, but there is a way to get an account name that is less than 12 characters. These account names are called advanced account names, and only one advanced account name is granted each day. The name is awarded to the highest bidder every day.

Just like there are various ways to buy RAM, give up your EOS, etc., there are various ways to bid for advanced account names. Below we will explain how to use the toolkit to bid for advanced names. We are using this toolkit.

First, you need to use Scatter to connect to your EOS account (see the instructions above). After connecting to the account, you can start to bid for the name.

There are a few things you need to keep in mind before bidding for advanced account names. If you bid for the advanced account name, your EOS will be locked, and if your bid is too high, you can only get the returned EOS. This may take a long time (and may never happen at a low bid), so always make sure your offer is realistic.

To view the current advanced name bid, you can visit this website.

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