PYRToken
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Write Functions / transferOwnership
Overview

The transferOwnership function in the Ownable contract allows the current owner to transfer ownership of the contract to a new address. It verifies that the caller is the current owner and ensures that the new owner's address is not zero before executing the transfer.

Inputs
  • newOwner (address): The address of the new owner to whom the contract ownership will be transferred.
Outputs
  • None: This 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 document the successful transfer of ownership from the previous owner to the new owner's address.
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