isquantumproof.com Dictionary Crypto catalog

Technical dictionary

Token allowance / approval

Also known as: ERC-20 approval · token approval

ERC-20-style permission for a spender to move tokens—amplifies damage after key compromise.

Definition

Approvals let routers and protocols pull tokens. Unlimited allowances remain after a signature scheme break or key theft.

Users should minimize allowances; quantum planning still starts with host-chain account algorithms.

Related terms

Related pages

← All dictionary terms · DeFi hub · Assessment