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Cryptocurrency News Video

Token Extensions on Solana - An Advanced, Single Token Program for Developers

Jan 30, 2024 at 03:15 pm SOLANA

Token Extensions on Solana are all about optionality and choice. From privacy-preserving technology like confidential transfers, to new compliance frameworks like Transfer Hooks, it represents the next major step forward for businesses looking to build on blockchain.

Token Extensions comprise more than a dozen extensions, designed to better meet the needs of developers, enterprises, and financial institutions. Solana already offers developers fast settlement, low cost transactions, and unmatched transaction throughput and scalability. Token Extensions leverage these characteristics and empower developers to build new, customized token experiences with a single, audited program. Importantly, they make it simple for issuers to comply with regulatory obligations without building on private, permissioned environments. Solana is the first network to offer this level of integrated developer and user experience in a single token program on a public network.

#blockchain #payments #technology #web3 #rwa #innovation #tokenization #developers #programming #business #institutions #enterprise #software #softwareengineering #software
Video source:Youtube

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