An Externally Owned Account (EOA) is a type of account used to store and manage cryptocurrencies. These accounts are controlled by private keys, which are cryptographic keys that allow the owner to access and manage their funds.EOAs can send and receive transactions directly. When users initiate a transaction, they sign it with their private key, which verifies their ownership and consent. This process ensures that only the account owner can transfer or spend the funds stored in the EOA.Unlike smart contracts, which run on decentralized applications and are programmed to execute specific actions automatically, EOAs do not contain logic or code. They are straightforward and primarily serve as a means for users to hold and move their assets.In summary, an Externally Owned Account is a user-controlled wallet that enables individuals to interact with various blockchain networks, facilitating the storage, sending, and receiving of cryptocurrencies.