Delegated transactions involve authorizing another party to execute a financial or digital asset operation on one’s behalf. This mechanism allows a user to grant limited permissions to an intermediary without surrendering full control of their assets or private keys. Such delegation enhances operational flexibility and can improve user experience. It is a feature found in certain blockchain protocols.
Context
In decentralized finance and blockchain applications, delegated transactions permit smart contracts or third-party services to interact with a user’s assets under predefined conditions. This capability is vital for features like gasless transactions or automated trading strategies where a proxy account pays fees or executes trades. Security concerns regarding the scope of delegated authority and potential vulnerabilities in the delegation mechanism are frequently discussed. Proper implementation is paramount for user safety.
This research introduces a zk-SNARK-based framework for private smart contracts on permissioned blockchains, enabling secure, decentralized transactions like Delivery vs. Payment.
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