At the genesis of an EOSIO-based blockchain, there is only one account present, eosio account, which is the main system account. There are other system accounts, created by eosio account, which control specific actions of the system contracts mentioned in previous section. Note the terms system contract and system account. Privileged accounts are accounts which can execute a transaction while skipping the standard authorization check. To ensure that this is not a security hole, the permission authority over these accounts is granted to eosio.prods system account.
As you just learned the relation between a system account and a system contract, it is also important to remember that not all system accounts contain a system contract, but each system account has important roles in the blockchain functionality, as follows:
| Account | Privileged | Has contract | Description |
|---|---|---|---|
| eosio | Yes | It contains the eosio.system contract |
The main system account on an EOSIO-based blockchain. |
| eosio.msig | Yes | It contains the eosio.msig contract |
Allows the signing of a multi-sig transaction proposal for later execution if all required parties sign the proposal before the expiration time. |
| eosio.wrap | Yes | It contains the eosio.wrap contract. |
Simplifies block producer superuser actions by making them more readable and easier to audit. |
| eosio.token | No | It contains the eosio.token contract. |
Defines the structures and actions allowing users to create, issue, and manage tokens on EOSIO-based blockchains. |
| eosio.names | No | No | The account which is holding funds from namespace auctions. |
| eosio.bpay | No | No | The account that pays the block producers for producing blocks. It assigns 0.25% of the inflation based on the amount of blocks a block producer created in the last 24 hours. |
| eosio.prods | No | No | The account representing the union of all current active block producers permissions. |
| eosio.ram | No | No | The account that keeps track of the SYS balances based on users actions of buying or selling RAM. |
| eosio.ramfee | No | No | The account that keeps track of the fees collected from users RAM trading actions: 0.5% from the value of each trade goes into this account. |
| eosio.saving | No | No | The account which holds the 4% of network inflation. |
| eosio.stake | No | No | The account that keeps track of all SYS tokens which have been staked for NET or CPU bandwidth. |
| eosio.vpay | No | No | The account that pays the block producers accordingly with the votes won. It assigns 0.75% of inflation based on the amount of votes a block producer won in the last 24 hours. |
| eosio.rex | No | No | The account that keeps track of fees and balances resulted from REX related actions execution. |