Difference between revisions of "ERC2612"
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* Permit extension for [[ERC20]] | * Permit extension for [[ERC20]] | ||
* [https://github.com/ethereum/EIPs/blob/8a34d644aacf0f9f8f00815307fd7dd5da07655f/EIPS/eip-2612.md From] the [[Github]] (25-4-2020): | * [https://github.com/ethereum/EIPs/blob/8a34d644aacf0f9f8f00815307fd7dd5da07655f/EIPS/eip-2612.md From] the [[Github]] (25-4-2020): | ||
''"A function <code>permit</code> extending ERC-20 which allows for approvals to be made via <code>secp256k1</code> [[signature|signatures]]. This kind of "account abstraction for ERC-20" brings about two main benefits:'' | ''"A function <code>permit</code> extending ERC-20 which allows for approvals to be made via <code>secp256k1</code> [[signature|signatures]]. This kind of "[[account abstraction]] for ERC-20" brings about two main benefits:'' | ||
* ''transactions involving ERC-20 operations can be paid using the [[token]] itself rather than [[ETH]],'' | * ''transactions involving ERC-20 operations can be paid using the [[token]] itself rather than [[ETH]],'' | ||
* ''approve and pull operations can happen in a single transaction instead of two consecutive transactions,'' | * ''approve and pull operations can happen in a single transaction instead of two consecutive transactions,'' | ||
''while adding as little as possible over the existing ERC-20 standard."'' | ''while adding as little as possible over the existing ERC-20 standard."'' | ||
[[Category:Jargon/Various]] | [[Category:Jargon/Various]] | ||
Latest revision as of 04:25, 19 March 2023
"A function permit extending ERC-20 which allows for approvals to be made via secp256k1 signatures. This kind of "account abstraction for ERC-20" brings about two main benefits:
- transactions involving ERC-20 operations can be paid using the token itself rather than ETH,
- approve and pull operations can happen in a single transaction instead of two consecutive transactions,
while adding as little as possible over the existing ERC-20 standard."
