PYRToken
Source:Verified
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Write Functions / increaseAllowance
Overview

The increaseAllowance function in the ERC20 contract allows a token holder to increase the allowance granted to a specified spender. This function mitigates issues associated with the traditional approve method by allowing the caller to specify an additional value to be added to the existing allowance, ensuring that the allowance can be incremented safely.

Inputs
  • spender (address): The address of the account that will be allowed to spend the tokens.
  • addedValue (uint256): The amount of tokens to add to the current allowance of the spender.
Outputs
  • Returns (bool): The function returns true if the allowance was successfully increased.
Emits One Event
Functions will often emit events during execution, often signifying key changes in state.

Approval: Emits the event to show that the allowance for the spender has been increased, updating the amount they can spend.
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