Bitpanda-backed Pantos Launches Public Beta of Its Multichain Token Device

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Vienna, Austria, 14th February, 2023, Chainwire

Pantos, a multichain token machine conceived by the team of workers within the aid of Bitpanda, declares the public beta launch of its multichain protocol at the present time. Builders and users will most likely be ready to exercise the public beta to ship tokens, wrap native coins of supported chains, and soon furthermore manufacture and deploy multichain tokens with out say with a couple of clicks.

Pantos is introducing a recent Multichain Token Common known as PANDAS (Pantos Digital Asset Common) to ship a basically multichain token machine to the loads, enabling trusty and seamless Web3 interoperability. Pantos presently supports seven chains on testnet: Ethereum, Polygon, Avalanche, BNB, Cronos, Celo and Fantom; and plans to combine extra EVM and non-EVM chains repeatedly.

The majority of at the present time’s Web3 applications and bridges lack the security and at ease user abilities desired to ship Web3 functionalities to the loads. Pantos objectives to boost this by offering a legitimate infrastructure and the merely instruments to empower builders to with out say manufacture multichain sources.

Pantos began in 2018 as an in-condominium study mission by Bitpanda in collaboration with TU Wien (Austria) and later furthermore TU Hamburg (Germany) to set up an launch fashioned for basically decentralized multichain token transfers and blockchain interoperability. The public beta comes out after years of ground-breaking study within the fields of oracles, relays, natty contracts and blockchain effectivity. Pantos along with its researchers at the colleges gallop no doubt one of many finest blockchain study labs on this planet, as fragment of the Christian Doppler Laboratory Blockchain Technologies for the Web of Things and enjoy been ready to trusty funding for the mission from the Austrian government.

Eric Demuth, CEO and Co-Founding father of every Pantos and Bitpanda, said “We are elated to introduce the public beta after years of study in collaboration with a couple of of basically the most reputed universities in Europe. We think that Multichain abilities will most likely be a catalyst for Web3 and foster frequent crypto adoption. Pantos affords users the finest system to secure admission to a multichain Web3.”

Bitpanda’s industry abilities helps Pantos with the transition from a study mission to an fully-functional product available within the market to end users and builders in a straightforward and accessible system. Bitpanda will furthermore be no doubt one of many first adopters of Pantos’ multichain token machine. Furthermore, Pantos has secured a partnership with the leading Austrian bank, Raiffeisen Financial institution Global (RBI), that’s working with Pantos on blockchain interoperability solutions. Pantos’ native token PAN is presently available within the market for trading on Bitpanda and N26.

Researchers at Pantos are developing abilities that can enable users to switch digital sources of any type freely between a range of blockchain protocols in an fully decentralized and trustless system. The exercise of the contemporary PANDAS-20 fashioned, builders will most likely be ready to deploy sources on a diversity of blockchains with out repairs work. users or digital creators who lack coding abilities will most likely be ready to deploy their possess multichain tokens with ease.

Even though it objectives to finally turn out to be an fully decentralized launch-source protocol with PAN as its possess gas token, the public beta of Pantos comes with a trusted validation mechanism to secure accelerate a at ease launch. This arrangement, the team of workers will make certain that the community can now not be attacked in its early stages, before it step by step evolves into an fully decentralized machine.

About Pantos

Started as a study mission by the team of workers within the aid of Bitpanda in 2018, Pantos is an launch-source protocol on a mission to secure Web3 basically interoperable. It objectives to turn out to be an enabler for stylish Web3 applications. Pantos’ cutting-edge abilities enables existing and upcoming tokens to be deployed on loads of blockchain networks, giving users the freedom to come to a decision basically the most moral community for their digital sources. It had secured $12.1 million in funding thru an Preliminary Coin Providing (ICO) on Bitpanda in 2018.

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