Solana is constantly continuing its way to improvement. Focusing on a fundamental aspect of its ecosystem - the Token system - Solana enhences its offerings.
The newest implementing of Token 2022 standard is a gamechanger and in this blogpost we are going to explain why.

Understanding Token 2022

Token 2022, is a extended version of the SPL token, that provides additional functionality and providing more flexibility for developers. It successfully maintains compatibility with the original Token instruction and account layouts and that is why the negative affect is eliminated.

 

Two key features that distinct Token 2022 are the preservation of safety of the existing tokens and the addition of the new token functionality.

 

You might have even already came across Token 2022 standard without even realizing it, as Bonk Earn (BERN) supports it.

What's new with Token 2022?

What makes this particular program stand out is its relation to the Solana Program Library, rather than to Solana's base layer.

 

The most attractive feature of Token 2022, in our opinion, is the addition of the possibility to conduct your transfers confidentially.
This means that the fact of the transaction is still available to the public but the details of it will remain sealed.

Handling Token 2022 in the Nightly Wallet

Implementation of the Token 2022 standard into the Nightly Wallet opens the door to a world of possibilities. Our ability to serve it on our wallet enriches your Solana experience in ways previously unimaginable.

 

Even through Token-2022 continues to undergo audits and refinements, it could play a crucial role in the growth and development of the Solana ecosystem. And that is why we are strongly confident in its potential and it makes us so exited to be a part of the Solana ecosystem.

 

If you are bullish on Solana as much as we are - click THIS LINK to download the Nightly wallet and let's test Token 2022 together!