PYRToken
Source:Verified
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Events / OwnershipTransferred
Event Overview

The OwnershipTransferred event is crucial in the Ownable contract, signaling a change in ownership of the contract. It is emitted whenever the ownership is transferred to a new address or relinquished, providing transparency regarding the current owner of the contract.

Emitted Variables:
previousOwner:addressindexed
newOwner:addressindexed
Emitted By Three Functions
Functions will often emit events during execution, often signifying key changes in state.

renounceOwnership: Emits the event to log that the current owner has relinquished ownership, effectively setting the owner to the zero address.
transferOwnership: Emits the event to document the successful transfer of ownership from the previous owner to the new owner's address.
constructor: Emits the event when the contract is initialized, indicating that ownership has been transferred from the zero address to the deployer of the contract.
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