SPL stands for Solana Program Library. It refers to the standard for tokens created and used on the Solana blockchain.
Understanding SPL Tokens
SPL tokens are the native digital assets that adhere to the specifications set forth by the Solana Program Library. This library provides a comprehensive framework for creating, managing, and interacting with various types of tokens on the Solana network.
- Solana Program Library: This is a collection of on-chain programs developed and maintained by the Solana team. It defines core functionalities and standards for applications built on Solana, including the protocol for fungible tokens.
- Analogy to ERC-20: Much like ERC-20 tokens serve as the standard for fungible tokens on the Ethereum blockchain, SPL tokens fulfill the same role within the Solana ecosystem. They are the base standard for digital assets traded, used in decentralized applications (dApps), and stored in wallets across the Solana network.
By following the SPL standard, tokens can be seamlessly integrated with Solana-based decentralized applications, wallets, and exchanges, ensuring interoperability and a consistent user experience across the network.
