What Is the Difference between Transfer and Transferfrom ?
The transfer function sends tokens directly from the caller's address to a recipient. It requires the caller to own the tokens.
The transferFrom function, however, allows a third-party address (like a DEX contract) to send tokens from a different address (the token owner) to a recipient. This requires the token owner to have first granted an allowance to the third party using the approve function.
Glossar
Transfer Function
Calibration ⎊ A transfer function within cryptocurrency derivatives represents the mapping between an underlying asset’s stochastic process and the resultant pricing of its associated derivative contracts, demanding precise calibration to market observables.
TransferFrom
Transfer ⎊ The term "TransferFrom" within cryptocurrency, options trading, and financial derivatives denotes the explicit delegation of asset control or rights from one party to another, a core mechanism underpinning many operational and strategic processes.
Direct Token Transfer
Mechanism ⎊ Direct Token Transfer represents a cryptographic primitive enabling the conditional exchange of digital assets without intermediary custodians, fundamentally altering settlement layers within decentralized finance.