Fungible and Non-Fungible Tokens on Solana: Same System, Different Rules
The article discusses the differences between fungible and non-fungible tokens (NFTs) on the Solana blockchain. It explains that fungible tokens are interchangeable and identical, while non-fungible tokens are unique and distinct from one another. Solana uses the same token system for both types, differing only in configuration settings such as decimals and supply.
- ▪Fungible tokens are interchangeable, meaning each unit is identical to another.
- ▪Non-fungible tokens are unique, with each token differing in properties and characteristics.
- ▪Solana manages both fungible and non-fungible tokens through the same Token Program, with distinctions based on mint configuration.
Opening excerpt (first ~120 words) tap to expand
try { if(localStorage) { let currentUser = localStorage.getItem('current_user'); if (currentUser) { currentUser = JSON.parse(currentUser); if (currentUser.id === 740337) { document.getElementById('article-show-container').classList.add('current-user-is-article-author'); } } } } catch (e) { console.error(e); } Vincent Jande for 100 Days of Solana Posted on May 29 Fungible and Non-Fungible Tokens on Solana: Same System, Different Rules #100daysofsolana #web3 #learning #programming If you have been following the 100 Days of Solana challenges, you have already worked with tokens. You created mints, set up token accounts, transferred SOL, and explored token extensions.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at DEV.to (Top).
Discussion
0 commentsMore from DEV.to (Top)
