$SOL
In February 2024, solana’s technical progress includes:
1. Token expansion plan
On February 19 this year, Federa, Solana’s head of strategy, recently mentioned Solana’s Token extensions plan in an interview with web3 media Blockworks. One month ago, Solana announced the new "Token Extensions" feature, aiming to attract token developers that meet compliance needs. Solana documents show that there are 13 types of Token Extensions, which will allow token developers to flexibly Various advanced features are incorporated into their tokens, including whitelisting mechanisms, matic transfer fees, dent confidentiality, and more.
In the February interview, Federa added some additional information:
1. Paxos has just launched PAX USD on Solana, and GMO has just launched two regulated stablecoins, zUSD and JPY stablecoins. All three stablecoins use Solana’s different token scaling capabilities to perform functions they cannot perform on other networks.
2. The team has been preparing for the token expansion feature for three years, but the project and concept of token expansion are still not fully completed. However, the functions that have been used are fully available and auditable, and the undisclosed functions are still Needs updates and improvements.
3. The feedback the team has received so far is basically from large institutions and financial companies. Federa also calls for more degens projects to come up with new ideas. Solana is very willing to provide new token expansion services.
