Solana launches ‘token extensions’ for enhanced dev control and compliance
Solana is elevating its token functionality, providing developers with enhanced control by implementing customizable token ownership and usage rules. This development is the result of the Solana (SOL) Foundation’s recent announcement about the activation of “token extensions” on Solana’s SPL token standard, a project that has been in the works for over a year, previously known as Token-2022. The key objective of these token extensions is to bolster compliance capabilities for entities creating tokens on the Solana network. The Solana Foundation highlights that these extensions enable businesses to embed specific functionalities directly into their tokens. Features such as whitelisting, automatic transaction fees, and confidential transfer mechanisms are now possible, marking a significant upgrade from previous capabilities. 1/ The future of tokenization is now: Introducing token extensions, ready-to-use advanced token functionality on Solana.https://t.co/zN...