Definition ∞ 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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