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.
As we all know, payments companies and regulated enterprises have strict requirements such as the need for privacy, payment attribution, reversibility and access controls. Token extensions provide for all of these requirements natively - - which means developers can use one program for all their needs
All of these features and more are natively available in the token. In other words, regulatory and business requirements that may have precipitated the need to spin up a private chain can now all be satisfied by the native attributes of the digital asset itself.
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