We announced a new product!

Solana Tech Roundup #5

by Jacob Creech ยท February 18, 2022

Solana Tech Roundup

This week there has been a lot of discussion about how to go forward with fees, compute budget, and qos. You can find a great summary of the discussion here.

TLDR: Fees are changing on Solana. Looks like they'll be based on compute used and how often a specific account you're interacting with is used.

In other news 1.9 is aimed for the end of the month. QUIC currently in 1.10 afterwards.

Upcoming Change Highlight

Token22

There is no secret that there are Token program changes coming. What are these changes? What do they effect? What can you do with the new changes?

The token changes will be in a new Token program, Token22. Token22 brings with it a ton of great new features:

Features

  • ๐Ÿ•ต๏ธ Confidential Token Transfer support
  • ๐Ÿ’ธ Optional Transfer Fees
  • ๐Ÿฆ Optional Account Creation Fees
  • ๐Ÿ“ Required memo on transfer
  • ๐Ÿ›ก๏ธ Close your mints!
  • ๐Ÿฅถ Default frozen accounts

What can you do with Token22?

  • Create non transferable NFT Badges for accounts
  • Add transfer fees on tokens
  • Reclaim rent from mint accounts
  • Claim fees for creating accounts
  • Much more!

One big thing that comes with this new program is a new token standard. This means RPCs, associated token accounts, and more will be updated to support multiple token programs. Adding more token standards will be simpler in the future.

Commit Highlight

List of Changes:

February 12

February 13

February 14

February 15

February 16

February 17

February 18