what is revoke?
cancelling a wallet approval on the blockchain: setting it back to zero, or for NFTs, switching it off.
it is a transaction, so it costs a fee. it stops future pulls, but it does not bring back tokens already taken, and it does not help if the seed phrase has leaked.
related words
- wallet approval a permission that lets a smart contract or address move a set amount of one of your tokens later, without asking again.
- permit signature a free, off-chain signature that works like an approval once someone submits it (on tokens and apps that support it).
- stablecoin a token designed to keep a steady price, usually tied to a major currency such as the dollar.
part of the topic scams: free articles, more words and the guide.
checked . education, not advice. found a mistake? see corrections.