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### Basics ### Basics
* the existence of a Turing-complete programming language means that arbitrary contracts can be created for any transaction type or application.
* a state is made up of objects called "accounts", with each account hacing a 20-byte address and state transitions being direct transfers of value and information between accounts. * a state is made up of objects called "accounts", with each account hacing a 20-byte address and state transitions being direct transfers of value and information between accounts.
* an Ethereum account contains four fields: * an Ethereum account contains four fields: