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

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Vienna, Austria, 14th February, 2023, Chainwire

Pantos, a multichain token system conceived by the personnel in the wait on of Bitpanda, announces the public beta launch of its multichain protocol currently. Builders and customers would possibly be ready to reveal the public beta to ship tokens, wrap native cash of supported chains, and quickly also make and deploy multichain tokens easily with a number of clicks.

Pantos is introducing a brand fresh Multichain Token Unheard of called PANDAS (Pantos Digital Asset Unheard of) to bring a in actuality multichain token system to the loads, enabling proper and seamless Web3 interoperability. Pantos currently supports seven chains on testnet: Ethereum, Polygon, Avalanche, BNB, Cronos, Celo and Fantom; and plans to combine extra EVM and non-EVM chains continuously.

The massive majority of currently’s Web3 applications and bridges lack the protection and soundless particular person skills wanted to bring Web3 functionalities to the loads. Pantos targets to toughen this by offering a legitimate infrastructure and the actual tools to empower developers to simply make multichain sources.

Pantos began in 2018 as an in-dwelling evaluate project by Bitpanda in collaboration with TU Wien (Austria) and later also TU Hamburg (Germany) to verify an begin bizarre for in actuality decentralized multichain token transfers and blockchain interoperability. The public beta comes out after years of ground-breaking evaluate in the fields of oracles, relays, neat contracts and blockchain efficiency. Pantos at the side of its researchers on the colleges sprint one of the significant largest blockchain evaluate labs on the earth, as section of the Christian Doppler Laboratory Blockchain Technologies for the Net of Issues and had been ready to proper funding for the project from the Austrian authorities.

Eric Demuth, CEO and Co-Founding father of both Pantos and Bitpanda, mentioned “We’re extremely overjoyed to introduce the public beta after years of evaluate in collaboration with a number of of the most reputed universities in Europe. We keep in mind that Multichain technology would possibly be a catalyst for Web3 and foster customary crypto adoption. Pantos supplies customers the simplest technique to access a multichain Web3.”

Bitpanda’s commercial skills helps Pantos with the transition from a evaluate project to a fully-functional product accessible to total customers and developers in a easy and accessible intention. Bitpanda can even be one of the significant first adopters of Pantos’ multichain token system. Furthermore, Pantos has secured a partnership with the leading Austrian bank, Raiffeisen Monetary institution World (RBI), that is working with Pantos on blockchain interoperability solutions. Pantos’ native token PAN is currently accessible for trading on Bitpanda and N26.

Researchers at Pantos are increasing technology that could allow customers to transfer digital sources of any kind freely between assorted blockchain protocols in a fully decentralized and trustless plot. The utilization of the fresh PANDAS-20 bizarre, developers would possibly be ready to deploy sources on a diversity of blockchains without repairs work. customers or digital creators who lack coding talents would possibly be ready to deploy their very accept as true with multichain tokens with ease.

Even supposing it targets to at last become a fully decentralized begin-source protocol with PAN as its accept as true with gas token, the public beta of Pantos comes with a depended on validation mechanism to create definite a soundless launch. This fashion, the personnel will create definite that the network can no longer be attacked in its early stages, before it continuously evolves into a fully decentralized system.

About Pantos

Started as a evaluate project by the personnel in the wait on of Bitpanda in 2018, Pantos is an begin-source protocol on a mission to create Web3 in actuality interoperable. It targets to become an enabler for stylish Web3 applications. Pantos’ reducing-edge technology lets in unique and upcoming tokens to be deployed on extra than one blockchain networks, giving customers the freedom to settle the most correct kind network for his or her digital sources. It had secured $12.1 million in funding through an Initial Coin Offering (ICO) on Bitpanda in 2018.

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