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Write Functions / renounceOwnership
Overview

The renounceOwnership function in the Ownable contract allows the current owner to relinquish ownership of the contract, effectively disabling any functions that require ownership. This action is irreversible and will leave the contract without an owner.

Inputs
  • None: The function does not take any input parameters.
Outputs
  • None: The function does not return any values.
Emits One Event
Functions will often emit events during execution, often signifying key changes in state.

OwnershipTransferred: Emits the event to log the relinquishment of ownership, indicating that the contract is now ownerless.
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