SPL
Intermediate
SPL stands for Solana Program Library (SPL). It is a set of rules and protocols governing how tokens behave and interact on the Solana network. In other words, it is a collection of predefined protocols and specifications that dictate how tokens function within the Solana blockchain.
This standardization ensures consistency, interoperability, and ease of integration across various applications and platforms within the Solana ecosystem.
Similar to ERC-20, BEP-20, and other token standards, the SPL token standard serves as a blueprint for developers looking to create, manage, and deploy tokens on Solana, providing a cohesive framework for the Solana blockchain's evolving token ecosystem.