What is Ownership Renouncement in Solana?
The equivalent of "Ownership Renouncement" on Solana is turning off the "Mint authority" and "Freeze authority".
Solana's tokens have 2 important statuses:
- Mint authority - The owner can mint new tokens.
- Freeze authority - The owner can freeze the tokens in any user's account.
If these 2 parameters are empty, then we can say that the owner has renounced ownership.
Help
First steps:
Wallet:
- How to top up your wallet?
- How to transfer SOL to another wallet?
- How to transfer tokens to another wallet?
- How to exchange SOL for WSOL? (wrap/unwrap)