𝗧𝗢𝗞𝗘𝗡-𝟮𝟬𝟮𝟮 𝗟𝗢𝗚𝗜𝗖 𝗢𝗡 𝗦𝗢𝗟𝗔𝗡𝗔
Web2 asset rules live in databases. Solana puts these rules inside the token.
I tested the Token-2022 Program. I used non-transferable tokens. I used multiple wallets. I tested transfers and burning.
Standard tokens rely on apps for rules. Those rules stay off-chain. Token-2022 moves rules to the protocol layer.
Tokens are no longer balances. They are state machines with economic rules.
I created a mint with a Non-Transferable extension. This enforces identity rules at the protocol level. Non-transferable tokens do not move between wallets.
Use them for:
- Credentials
- Identity systems
- Achievements
- Access control
I created token accounts for two wallets. The account model remains the foundation. Rules change based on extensions.
I tried to transfer tokens. Protocol rules decide if a transfer works. This removes the need for custom backend code.
I burned tokens to control supply. Burning is a state change on-chain. It reduces total supply.
Web2 state lives in databases. Solana state is deterministic. The protocol enforces it.
Key shifts:
- Tokens are programmable state machines.
- Ownership rules live at the mint level.
- The protocol enforces behavior.
Next steps:
- Transfer fee extensions.
- Metadata systems.
- Token-gated apps.
Token-2022 is a framework for economic logic.