Does Solana have smart contracts?

Announced in a tweet (per a new policy), the expansion adds SPL tokens (Solana’s ERC-20 equivalent ) to Coinbase’s token menagerie for the first time.

Solana program library (SPL) tokens – Solana’s version of Ethereum’s ERC-20 tokens – are now the first non-Ethereum-compatible crypto asset on Coinbase Wallet.

Now let’s turn to how Solana approaches programming its blockchain. Firstly, in its developer documentation, Solana gets rid of the legal-sounding “smart contract” terminology and returns us to traditional software development language: “In Solana, smart contracts are called Programs.