Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin -portfolios shift to ‘buy -mode’ -Is a bullish reversal imminent?

2025-05-20

XRP Price Eyes Winins, but technically suggests that upsides can be limited

2025-05-20

Solana set up for the largest protocol revision so far with ‘Alpenglow’ upgrade

2025-05-20
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    What are tokenized real-world assets? Put physical value on the chain with RWAS

    2025-05-20

    Basic kit transactions rise as DEX volume approaches $ 400 billion milestone

    2025-05-20

    Taiko Alethia launches the most expected Pacaya Hardfork -upgrade on MAINNET

    2025-05-20

    Weaver Labs stimulates AI-led decentralized connectivity, joins Imagen Network

    2025-05-19

    Cdari works together with Laika Ai to strengthen blockchain -intelligence about chains

    2025-05-19
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP Price Eyes Winins, but technically suggests that upsides can be limited

    2025-05-20

    Bitcoin still cannot close daily candle above $ 106k after 8 failed attempts in 2025

    2025-05-20

    Solana (SOL) keeps land in tight reach – Traders looking at Directional Cue

    2025-05-20

    Graph signal running to new ATH

    2025-05-19

    BlackRock’s Buidl to Power Bouncebit’s new RWA Yield Strategy Platform

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Blockchain»Solana provides ‘token extensions’ to attract compliance-minded token developers
Blockchain

Solana provides ‘token extensions’ to attract compliance-minded token developers

2024-01-26No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Tokens built on the Solana blockchain are becoming a bit more programmable, with their developers now able to implement rules about who can hold them and what they can do with them.

The Solana Foundation, a key group in the management of the Solana blockchain, said on Wednesday that the upgrade of the “token extensions” to Solana’s SPL token standard is now live after more than a year in development; It used to be called Token-2022.

Regardless of the name, this service means improving compliance controls for companies building tokens on Solana, according to the Solana Foundation. Token extensions allow these companies to hardcode various features into their tokens, such as whitelisting, automatic transfer fees, and transfer confidentiality, that did not previously exist.

This could be especially attractive to stablecoin issuers, the foundation said in a press release. Paxos and Japanese company GMO Trust both issue stablecoins on the Solana blockchain that use token extensions. A spokesperson for the Solana Foundation said token extensions give issuers “the ability to comply within a changing regulatory environment.”

There are five extensions that developers can mix and match, according to briefing materials reviewed by CoinDesk.

Transfer hooks: Whenever a token is transferred, a “transfer hook” will call a program that checks whether that transfer is allowed, and revokes the transfer if it is not.

Transfer fees: Tokens automatically pay a fee upon transfer, much like the royalties NFTs sometimes pay to their artists when sold on the secondary market. But unlike NFT royalties, which have suffered as several marketplaces refused to enforce them, fees implemented through token extensions cannot be circumvented.

See also  Grant Yun's debut NFT collection on Solana sells out in 9 minutes

Confidential transfers: Tokens use zero-knowledge proofs to hide confidential information, such as payment amount, during transfers. Chain sleuths can see that x address sent tokens to y address, but not how many they sent.

Permanent Delegation Power: Token issuers can retain control over their tokens, specifically the ability to transfer or even destroy them, regardless of who the holder is. The briefing material envisions this being useful for stablecoins, securities tokens, and credentials.

Non-transferability: Token holders cannot transfer their assets to another wallet. This can be useful for identification.

Source link

Attract complianceminded developers extensions Solana Token
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Solana set up for the largest protocol revision so far with ‘Alpenglow’ upgrade

2025-05-20

What are tokenized real-world assets? Put physical value on the chain with RWAS

2025-05-20

Basic kit transactions rise as DEX volume approaches $ 400 billion milestone

2025-05-20

Solana (SOL) keeps land in tight reach – Traders looking at Directional Cue

2025-05-20
Add A Comment

Comments are closed.

Top Posts

Voiding $12,000 opens the possibility of a crash towards $75,000

2025-01-11

Epic Games hit Off The Grid wins Game of the Year at the first live GAM3 Awards 2024

2024-11-28

BNB price at make-or-break moment, key levels to watch

2023-10-27
Editors Picks

Dogecoin active addresses Spike 15x, but why does Doge not respond?

2025-05-16

Bitget partners with Jambo to finance telecom satellite launch

2025-01-19

Toncoin – Mapping when and where the next price of Ton will start

2025-02-22

Aark Labs launches AI and RWA tools to promote Web3 usage

2024-12-07
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin -portfolios shift to ‘buy -mode’ -Is a bullish reversal imminent?

XRP Price Eyes Winins, but technically suggests that upsides can be limited

Solana set up for the largest protocol revision so far with ‘Alpenglow’ upgrade

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,795.121.05%
  • ethereumEthereum(ETH)$2,480.091.48%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.33-0.16%
  • binancecoinBNB(BNB)$642.01-0.01%
  • solanaSolana(SOL)$165.241.63%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.219141-0.16%
  • tronTRON(TRX)$0.2727612.91%
  • cardanoCardano(ADA)$0.73-0.59%
  • suiSui(SUI)$3.802.46%
  • chainlinkChainlink(LINK)$15.491.19%
  • avalanche-2Avalanche(AVAX)$22.020.30%
  • stellarStellar(XLM)$0.2826880.31%
  • hyperliquidHyperliquid(HYPE)$25.690.05%
  • shiba-inuShiba Inu(SHIB)$0.000014-0.32%
  • hedera-hashgraphHedera(HBAR)$0.1926341.65%
  • unus-sed-leoUNUS SED LEO(LEO)$8.731.55%
  • bitcoin-cashBitcoin Cash(BCH)$385.630.12%
  • the-open-networkToncoin(TON)$3.043.65%
  • polkadotPolkadot(DOT)$4.550.17%
  • litecoinLitecoin(LTC)$93.28-2.92%
  • moneroMonero(XMR)$345.340.26%
  • bitget-tokenBitget Token(BGB)$5.08-1.31%
  • daiDai(DAI)$1.000.01%
  • pepePepe(PEPE)$0.000013-1.11%
  • piPi(PI)$0.742.89%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • aaveAave(AAVE)$261.8317.08%
  • bittensorBittensor(TAO)$414.603.40%
  • uniswapUniswap(UNI)$5.76-0.64%
  • nearNEAR Protocol(NEAR)$2.71-0.52%
  • aptosAptos(APT)$5.06-0.33%
  • okbOKB(OKB)$51.67-0.46%
  • ondo-financeOndo(ONDO)$0.921.34%
  • kaspaKaspa(KAS)$0.105885-0.41%
  • ethereum-classicEthereum Classic(ETC)$18.040.44%
  • internet-computerInternet Computer(ICP)$5.10-0.04%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.264.61%
  • gatechain-tokenGateToken(GT)$21.34-0.08%
  • crypto-com-chainCronos(CRO)$0.0952881.30%
  • mantleMantle(MNT)$0.741.73%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.228810-1.03%
  • vechainVeChain(VET)$0.027449-0.12%
  • render-tokenRender(RENDER)$4.551.41%
  • ethenaEthena(ENA)$0.3676913.35%
  • usd1World Liberty Financial USD(USD1)$1.00-0.10%
  • algorandAlgorand(ALGO)$0.2179170.40%
  • arbitrumArbitrum(ARB)$0.3851911.54%
  • filecoinFilecoin(FIL)$2.80-0.04%
  • bitcoinBitcoin(BTC)$104,795.121.05%
  • ethereumEthereum(ETH)$2,480.091.48%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.33-0.16%
  • binancecoinBNB(BNB)$642.01-0.01%
  • solanaSolana(SOL)$165.241.63%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.219141-0.16%
  • tronTRON(TRX)$0.2727612.91%
  • cardanoCardano(ADA)$0.73-0.59%
  • suiSui(SUI)$3.802.46%
  • chainlinkChainlink(LINK)$15.491.19%
  • avalanche-2Avalanche(AVAX)$22.020.30%
  • stellarStellar(XLM)$0.2826880.31%
  • hyperliquidHyperliquid(HYPE)$25.690.05%
  • shiba-inuShiba Inu(SHIB)$0.000014-0.32%
  • hedera-hashgraphHedera(HBAR)$0.1926341.65%
  • unus-sed-leoUNUS SED LEO(LEO)$8.731.55%
  • bitcoin-cashBitcoin Cash(BCH)$385.630.12%
  • the-open-networkToncoin(TON)$3.043.65%
  • polkadotPolkadot(DOT)$4.550.17%
  • litecoinLitecoin(LTC)$93.28-2.92%
  • moneroMonero(XMR)$345.340.26%
  • bitget-tokenBitget Token(BGB)$5.08-1.31%
  • daiDai(DAI)$1.000.01%
  • pepePepe(PEPE)$0.000013-1.11%
  • piPi(PI)$0.742.89%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • aaveAave(AAVE)$261.8317.08%
  • bittensorBittensor(TAO)$414.603.40%
  • uniswapUniswap(UNI)$5.76-0.64%
  • nearNEAR Protocol(NEAR)$2.71-0.52%
  • aptosAptos(APT)$5.06-0.33%
  • okbOKB(OKB)$51.67-0.46%
  • ondo-financeOndo(ONDO)$0.921.34%
  • kaspaKaspa(KAS)$0.105885-0.41%
  • ethereum-classicEthereum Classic(ETC)$18.040.44%
  • internet-computerInternet Computer(ICP)$5.10-0.04%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.264.61%
  • gatechain-tokenGateToken(GT)$21.34-0.08%
  • crypto-com-chainCronos(CRO)$0.0952881.30%
  • mantleMantle(MNT)$0.741.73%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.228810-1.03%
  • vechainVeChain(VET)$0.027449-0.12%
  • render-tokenRender(RENDER)$4.551.41%
  • ethenaEthena(ENA)$0.3676913.35%
  • usd1World Liberty Financial USD(USD1)$1.00-0.10%
  • algorandAlgorand(ALGO)$0.2179170.40%
  • arbitrumArbitrum(ARB)$0.3851911.54%
  • filecoinFilecoin(FIL)$2.80-0.04%