What is token approval?
If a contract you’ve authorized has a vulnerability or is malicious, the tokens at your address could be transferred out.
Approval is like giving someone a power of attorney to withdraw funds from your wallet: the larger the allowance and the longer it lasts, the higher the risk.
Finally, a price update: $ETH is quoted at 2420.45, 24h +6.88%.
#ETH
If a contract you’ve authorized has a vulnerability or is malicious, the tokens at your address could be transferred out.
Approval is like giving someone a power of attorney to withdraw funds from your wallet: the larger the allowance and the longer it lasts, the higher the risk.
Finally, a price update: $ETH is quoted at 2420.45, 24h +6.88%.
#ETH
