# Accounts

Accounts play a crucial role in CuriumVerse. There are three types of them: Wallet Account, Node Account and Smart Contract Account. To simplify, Wallet Accounts will be referred to as “wallets”, Node Accounts will be referred to as “nodes” and Smart Contract Accounts will be referred to as “contracts”. This classification is based on the principle that all these entities represent themselves so-called state objects. The state for Wallet is their balance. Nodes have a role and votes. As for Contracts, they have their balance and contract codes. The state of all accounts is the state of the CuriumVerse which is updated with every block when consensus has been reached.
