Solana Wallet UI/UX Update
Solana and sollet.io continue moving forward and launch new updates to improve and make life easier for its users. In the latest update, they have made great improvements to the UI / UX.
Now to send SPL tokens you will only need an SOL address.
What does this mean?
In Ethereum, your address being X, you would only need to send your ETH and ERC20 tokens directly to X, this way you could view and have all your holdings within a single address.
However, Solana is different, SPL tokens, each have their own address.
For example, if your Solana (SOL) address is Y, and you want to have USDC:
First you must create a USDC address being this Y1, owned by Y.
So, you send your USDC to Y1.
SOL (sollet.io) wallets have GUIs (Graphical User Interface) for this.
There are pros and cons to this method of doing things.
Pros: It is very explicit, making it easier to know that you are sending the right thing to the right place and it is the expected thing.
Cons: it is difficult to handle, having so many different addresses.
Let us give an example of why this is so real.
A wants to send USDC to B.
They have made transactions before; A knows B‘s SOL address which is X.
But nevertheless, A must know the USDC address of B.
And if B has not yet created a USDC address in X, he must “create” a USDC address first.
This is true even if A and B belong to the same person.
You cannot just save your SOL address and send tokens; you must keep looking for different addresses depending on the token.
However, with the latest update you can send SPL tokens with only your SOL address.
Sollet.io will automatically detect these tokens and create a corresponding account for them.
This way, you can continue doing things like you are used to using the ETH network. Since you only need someone’s SOL address to send tokens, and you only need to give your SOL address to receive any token.