A mechanism where authority to approve transactions or actions is granted to another entity or address. In blockchain contexts, this allows a user to authorize a smart contract or another wallet to spend or transfer specific tokens on their behalf. This enhances flexibility in decentralized applications.
Context
The security implications of delegated approval within decentralized applications are a recurring topic. Users must exercise caution when granting such permissions, as malicious contracts could exploit delegated access, leading to unauthorized asset transfers.
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